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An extraordinary opportunity in the very desirable neighborhood of Magnolia Heights in St Petersburg, FL. This duplex is located on a HUGE lot of land, two doors down from new homes that sold for $1 million+. The two units, as is, together have a history of cash flowing $4K a month (long-term rentals). The units are currently empty to make the selling process easier. The property could use some updating AND still continues to cash flow as is. New roof 2021 | lower unit Mini Split, upper unit central HVAC 2022 | Water Heater 2022 | Tented for Termite 2022 | Luxury vinyl throughout building 2022 | Kitchens in both units updated | (1) electric & water meter for the property. Another option is, to take advantage of this gorgeous piece of land in Magnolia Heights, drop the building and create your dream home. The neighborhood is known for its blend of historic and modern homes, mature tree-lined streets and strong sense of community. This property is NOT in a flood zone and is a high-and-dry neighborhood. There are brand-new coffee shops & breweries a couple blocks away. There is a nearby Whole Foods & Trader Joes. You are minutes away from vibrant, cultural downtown St. Petersburg, retail shopping, restaurants, parks & recreational areas, Tampa International Airport, and the pristine beaches of the area. THIS DUPLEX DID NOT FLOOD FOR EITHER OF THE HISTORIC HURRICANES HELENE OR MILTON AND APPRAISED AT LIST PRICE.