ST PETERSBURG, FL 33702 516 NORTHMOOR AVENUE N

Under contract-accepting backup offers. Investor Opportunity – Single Family Home with In-Law Suite, Dual Kitchens, Separate Entrances & New Roof, and a potential 9 Cap. This single-family home, zoned as such, is a versatile and income-producing asset in the heart of St. Petersburg. With one water meter and one electric meter, the layout is ideal for dual living — offering two private entrances, two full kitchens, and clear separation between spaces, making it perfect for house hacking, long-term rental, or multi-generational living. The main unit includes 3 bedrooms and 1 bath (using the enclosed porch as a third bedroom), and the permitted in-law suite (built in 2000) features 2 bedrooms, 1.5 baths, a private kitchen, and separate alley entrance with an electric gate and covered carport — great for RVs, boats, or work vehicles. Property Features: Zoned Single-Family Residential New Roof (2025) – major improvement completed Two full kitchens and separate entrances Separate in-law suite ideal for rental income Two backyard sheds for additional storage Fenced yard with room for pets, gardening, or outdoor use and an electric gate. A single set of utilities keeps costs simple Rental Income & Investment Potential: Projected Gross Rent: $4,500/month or $54,000/year Estimated NOI (after estimated expenses): $37,800/year At a $419,000 price point, this yields an impressive 9 Cap. Live in one unit and rent the other, or lease both for maximum ROI. This property offers built-in flexibility and is located in a desirable area close to major roads, shopping, schools, and parks. Don’t miss out on this high-performing investment property — schedule your private showing today!