A true turnkey duplex, Paloma Gardens is now available for purchase by the astute investor who desires substantial immediate, hassle-free cash flow AND strong property appreciation in booming St Pete.The PG formula: beautiful property + optimal location + every service already in place + superb tenants already in place = turnkey perfection! Beautiful property! Built to last w/ concrete block on slab construction. Each unit is 857 sq ft, 2 bdrm, 1 ba w/ walk-in closet. Top-down 2013-14 renovation: Replaced hip roof, Installed 18-inch porcelain tile floors in every room, Updated EIKs w/ built-in microwaves, dishwashers, maple cabinets & granite tile countertops, Updated bathrooms w/ marble vanities & tubs w/ tile surrounds, Built 2 parking space private driveways for each unit, Built private fenced & landscaped patios for each unit, Retrofitted a laundry room w/ HE washer & dryer, Installed hurricane impact windows, qualifying owners for wind mitigation insurance discount, Replaced 2 HVAC systems (back unit 2013, front 2015), Replaced 3 water heaters, 1 in each unit + 1 in laundry room.Optimal location! Burgeoning downtown St Pete, Gulf beaches, Gulfport, & I-275 are all Plumbing company (Available for same-day service w/o surcharge), Electrician (5+ year relationship), Handyman/caretaker (Reliably cares for units & grounds landscaped w/ FL-friendly plants & w/o lawn). Low-maintenance yard means no expensive, &/or time-consuming lawn services. Superb tenants already in place! As a quality property in a highly-desirable location, PG has consistently attracted financially stable tenants who have reliably paid market-level rents and uniformly taken excellent care of the property. Rent info - both units on annual leases, front unit: $1295 per mo. through 2/28/21. Back unit $1275 per mo. through 5/31/21.Additional info - Electric & water are metered separately for each unit & are tenants' responsibility. No flood insurance required! NOI - app. $22,400. Cap Rate - app. 6.4%. Serious, qualified cash buyers only.