Active

$460,000

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1713 sq ft
Overview
  • ID: MFRTB8447251
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1713 sq ft
Property Details
Remarks
One or more photo(s) has been virtually staged. MOTIVATED SELLER: Substantial Closing Discount + Call for Additional Incentives! Turnkey Duplex + Rare NTM-1 Double Lot in South St. Pete Unlock immediate cash flow and massive future development potential in one acquisition. Sitting on a sprawling 12,700 sq. ft. double lot (100 x 127), this property features a fully renovated 3-bed/1-bath main house and a spacious, separate 1-bed/1-bath ADU. Both units are vacant, move-in ready, and separately metered, featuring solid hardwood floors, updated kitchens, New Roofs (2021), and New ACs (2018). The Value Play: While the existing structures generate immediate rental income, the rare NTM-1 zoning offers incredible upside. The lot allows for up to 8 total residential units. You can build 3-4 units immediately on the vacant portion of the lot while renting the existing homes, or plan a full 8-unit redevelopment for maximum equity. Located just 1 mile from the ARC Innovation District, Bayfront Health, and Downtown St. Pete, this is a secure foothold in a rapidly appreciating corridor. Buyer to verify all development projections with the City.
Financial Considerations
Price:
$460,000
HOA Fee:
N/A
Tax Amount:
$5240.73
Price per SqFt:
$268.53
Tax Legal Description:
CROMWELL HEIGHTS BLK A, LOTS 5 AND 6
Exterior Features
Lot Size:
12667
Lot Features:
Landscaped, Level, Oversized Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Alley Access
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Electric
Cooling:
Central Air
Appliances:
Convection Oven, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Furnished:
Yes
Floor:
Ceramic Tile, Concrete, Tile, Wood
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1938
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Garden
Additional Features 2:
Please contact the City of St. Petersburg, Pinellas County, State of Florida, for information on applicable short- or medium or long term rental regulations.
Map
  • Address
    944 18TH AVE S
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