The Lealman Duplex at The Subject Property provides a fully occupied residential duplex in the St. Pete Heights neighborhood of St. Petersburg, Florida. The property spans a total of 1,004 square feet, originally built in 1946 on 0.12 acres. Both units at the Lealman Duplex are occupied by long-term section 8 tenants that cover all utilities. Additionally, the community is professionally managed at a rate of 5% monthly, and the management provider will continue with a new owner, if desired. This establishes the property as a truly turnkey, hands-off investment. The fantastic location is easily accessible via Interstate 275 and Highway 19. These bustling arteries provide quick connections across the greater metro, as well as great access to nearby amenities on the 34th Street corridor. The area is home to household name retail locations for Hardee’s, Wawa, Subway, AutoZone, Winn-Dixie, Sam’s Club, Aldi, and more. Within 3 miles of the Lealman Duplex, a growing population of more than 132,000 supports residential properties, with more than 28% of locals currently renting their homes. The area produced total consumer spending of $1.6 billion during 2024, with over $287 million spent on household segments.