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516 Northmoor N Ave St Petersburg, Florida 33702 MLS# MFRTB8396685
Live in One, Rent the Other – Income Potential with In-Law Suite & New Roof! This unique St. Petersburg property offers versatility, functionality, and excellent rental income potential! The main home features 2 bedrooms and 1 bathroom, plus a fully enclosed porch that can be used as a 3rd bedroom, home office, or bonus living area—perfect for a growing family or roommates. In 2000, a permitted attached in-law suite was added, offering 2 bedrooms, 1.5 bathrooms, a private kitchen, and a separate entrance accessible from the alley. With an electric gate, this private entrance leads to a tall covered carport ideal for large vehicles, a small RV, or a boat—rare to find in the city! The suite is ideal for guests, extended family, or as a fully private rental. Other highlights include: Brand new roof (2025) – a major upgrade you won’t have to worry about for years Two backyard storage sheds – great for tools, bikes, or seasonal items Spacious backyard with potential for garden, pets, or entertaining Split layout is ideal for multi-generational living or rental flexibility Whether you’re an investor, homeowner, or both, this property offers the best of both worlds. Live in one side and rent the other to help offset your mortgage—or rent both for maximum return. Rental Estimates: 2BR/1BA units in 33702 average $1,800–$1,900/month Use the enclosed porch as a 3rd bedroom, and rental value may increase to $2,300–$2,600/month This is your chance to own a property with built-in flexibility, strong income potential, and long-term value. Conveniently located near parks, schools, shopping, and quick access to major routes. Don't miss out—schedule your private showing today!
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