1231 Illinois Ave 2 Unité Immeuble d’appartements À vendre Palm Harbor, FL 34683

This Downtown Palm Harbor duplex offers a rare opportunity to acquire a low-maintenance income asset in a highly desirable Gulf Coast community. The property consists of two spacious 3-bedroom, 2-bathroom units, each with an attached garage and private entrance. Recent capital improvements include a new roof in 2025, minimizing future maintenance expenses. One unit has been fully renovated and is vacant, providing immediate occupancy or substantial rent growth potential. Current income includes one unit on a month-to-month tenancy at $1,800 and projected market rent of $2,400+ for the renovated unit.
The location combines small-town coastal living with strong connectivity. Just steps from Palm Harbor’s boutique shops, cafés, and waterfront parks, tenants enjoy walkable amenities in the historic district. Recreational attractions like the Pinellas Trail and nearby marinas add lifestyle appeal, while quick access to US-19 and major thoroughfares ensures convenient commutes to Tampa and St. Petersburg. High rental demand in this district supports consistent occupancy and income stability for investors.