Duplex in Historic Kenwood

A retiring Historic Kenwood landlord sold a mixed-occupancy duplex that needed meaningful work in both units.

Historic Kenwood, St. Petersburg February 2022 Duplex

The property and seller's goal

The owner was retiring and no longer wanted to manage tenants or maintain an older building.

The main obstacle was both units required plumbing, electrical, flooring, and exterior work.

Property type: Duplex
Condition: Poor-to-fair condition with one occupied unit and one vacant unit.
Why the owner sold: The owner was retiring and no longer wanted to manage tenants or maintain an older building.
Biggest challenge: Both units required plumbing, electrical, flooring, and exterior work.
Purchase method: Cash
Closing timeline: 32 days
Closing month: February 2022

The owner exited without renovating. The duplex was repaired and both units were eventually returned to usable rental condition.

The documented transaction closed in 32 days.

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