One or more photo(s) has been virtually staged. Fully Renovated Home & ADU on a Rare Double-Lot: This Cash Flow & Development Opportunity. This is a unique offering where immediate rental income meets massive future development potential in prime South St. Pete.
The Ready-to-Go Income Property (Vacant, renovated & Move-In Ready)First… Read More and foremost, this property is a completely updated, hassle-free rental machine, ready for immediate occupancy or tenant placement. Generate income instantly while planning your next future wealth. Features: Main House 3 bed 1 bath Fully renovated with solid hardwood flooring and dedicated laundry area.Separate ADU 1bed 1bath spacious unit with an updated kitchen, large living room, and private entrance.
Low Maintenance: Both units feature a New Roof (2021) and New AC (2018).Easy Management: Utilities are completely separated, with individual power and water meters for both units.
The Developer's Dream: Rare NTM-1 Zoning on a Double LotThe massive 12,700 sq ft lot is zoned NTM-1 (New Town Mixed-Use 1)—the most critical feature that sets this property apart. This high-density zoning unlocks extraordinary development potential, allowing for up to 8 total residential units.RARE Double Lot: A sprawling 100 x 127 lot (12,700 Sq Ft) perfect for phased development.
Phase 1 (Immediate Build): The vacant portion of the lot is approved for the construction of up to 3-4 additional dwelling units under the NTM-1 zoning.
Phase 2 (Ultimate Upside): Construct up to an ADDITIONAL 4 units after utilizing the existing structures for a total potential build-out of 8 dwelling units or a mixed-use project.(Buyer to verify all development projections with the City of St. Petersburg.)
Unbeatable Location: Growth is Here Enjoy significant property appreciation surrounded by major development in this rapidly gentrifying corridor.
1 Mile Radius: Walk or bike to the thriving ARC Innovation District, Bayfront Health Medical Center, and the vibrant energy of Downtown St. Petersburg.Security: Secure your foothold in one of St. Pete's most rapidly appreciating neighborhoods.This is the ultimate combination of immediate cash flow from a beautiful, renovated duplex and massive future wealth creation potential through high-density zoning. Read Less
Courtesy of ATLAS REALTY GROUP 813-428-7480
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,713
Lot Size
0.29 Acres
Year Built
1938
MLS Number
TB8447251
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Convection Oven, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Building
Built in 1938, Living area: 1713, Living area units: Square Feet, Building faces North, 1 storey, Levels: One, Construction Materials: Frame
Cooling
Central Air
Exterior Features
Patio/Porch Features: Front Porch, Screened, Garden
Fence
Chain Link, Fenced, Wood
Floors
Ceramic Tile, Concrete, Tile, Wood
Foundation
Crawlspace
Heating
Electric
Interior Features
Ceiling Fans(s)
Laundry
Washer Hookup
Lot
0.29 acres, Dimensions: 100x127, Landscaped, Level, Oversized Lot
Parking
Alley Access
Pets Policy
Allowed: Cats OK, Dogs OK, Yes
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 25-31-16-19350-001-0050, Public Survey Range: 16, Public Survey Section: 25, Annual Amount: $5,240.73, Tax Block: A, Tax Book Number: 1-12, Legal Description: CROMWELL HEIGHTS BLK A, LOTS 5 AND 6, Lot: 5, Year: 2025, Zoning: NTM-1
Utilities
Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Source: Public
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