Grove Heights Annex Real Estate

Welcome to Grove Heights Annex, a hidden gem nestled in the heart of St. Petersburg, Florida! This charming subdivision is a vibrant community that perfectly blends the allure of suburban living with the excitement of city life. Known for its friendly atmosphere and lush landscapes, Grove Heights Annex offers a delightful retreat for families, retirees, and young professionals alike.

The neighborhood is characterized by its well-maintained homes, each exuding a unique charm, and tree-lined streets that invite leisurely strolls and evening bike rides. Residents enjoy the convenience of nearby amenities, including local shops, restaurants, and parks, ensuring that everything you need is just a stone's throw away. The community's proximity to downtown St. Petersburg means that you can easily access cultural attractions, art galleries, and the beautiful waterfront, making it an ideal location for those who appreciate the vibrant lifestyle that the city offers.

Families will also appreciate the quality of schools in the area, providing excellent educational opportunities for children of all ages. With a strong sense of community, neighbors often come together for local events and gatherings, fostering lasting friendships and a welcoming spirit.

Whether you're looking to buy your first home, downsize, or invest in a rental property, Grove Heights Annex presents a fantastic opportunity. With its blend of comfort, convenience, and community spirit, this subdivision is more than just a place to live—it's a place to thrive. Come and discover the charm of Grove Heights Annex, where your dream home awaits!

Newest Listings in Grove Heights Annex

$585,000

7 Beds ⋅ 3 Baths ⋅ Grove Heights Annex SubDv. ⋅ 33705 Zip Code

INVESTOR ALERT! 3 RENTED UNITS | $5,802/MO RENT | NEW ROOF, A/C & WATER HEATERS! **Opportunity is knocking in St. Petersburg!** This income-producing multi-family property features **three rented units**, established rental income, and major recent upgrades. **Unit A:** 3/1 — $1,900/mo — 1-year lease, recently renewed **Unit B:** 2/1 — $1,902/mo — approximately 8 months remaining **Unit C:** 2/1 — $2,000/mo — month-to-month **Recent Upgrades:** New roof (2023), new A/C (2023), new water heaters (2023), plus plumbing and electrical updates (2018). **Current Expenses:** Property taxes $5,958.54/year; insurance approximately $4,000/year; electricity approximately $3,360/year; water approximately $2,160/year. Repairs and maintenance are variable. Owner currently pays water and electricity for the **two rear apartments**. Tenant in the main house pays their own utilities. With **three occupied units and $5,802 in current monthly rental income**, this property offers an established income stream with significant improvements already completed. Schedule your showing today!**

721 12th Street S, St Petersburg

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