David Shaw
This listing was posted on David Shaw (via ListedBuy).
$398,775
944 18th Avenue South, St. Petersburg, FL 33705
Price:
$398,775
BR/BA:
3 BR, 2 BA
Location:
944 18th Avenue South, Saint Petersburg, FL
Description:
Please read in full to understand this opportunity. Welcome to this stunning cash flowing duplex on a double lot (100 x 127) 12,700 sq ft in gentrifying South St. Petersburg, boasting a special new high-density zoning designation (NTM-1) that sets it apart from other properties in the area. Both the front house AND back house are saleed to tenants that are paying MARKET value sale of $1600 & $1100 with negligible deferred maintenance. Current tenants take care of the property and both want to stay. The main house is a two-bedroom and one-bathroom with a laundry area and solid hardwood flooring. The back ADU is a one-bedroom and one-bathroom with its own kitchen and living room space. Rear ADU had New Roof 2021 and AC 2018. Vacant lot info: Per the City of ST Petersburg 3 residential units can be constructed on the vacant lot per the new zoning designation. This new special zoning allows for up to 3 units to be built on the vacant lot. Also, there’s the ability to knock down the original house and ADU and build an ADDITIONAL 3 units in the future for a total of 6 units or a more complex development opportunity. The intrinsic value on offer is how this opportunity should be professionally understood. It's very rare to see a duplex home in NTM-1 Zoning with a double lot available for sale. The property sits 1 mile from the new ARC Innovation District, Bayfront Health Medical Center & Downtown. Completely separate power AND water utilities so the landlord is not responsible for either! Start building your wealth through this property with huge development opportunities combined with gentrification happening at a rapid pace. There is new construction all around this location! The seller has requested to not set up showings until we have an executed contract out of respect for the tenant's schedules. We expect multiple offers so please don't hesitate. This maybe the best value cash-flowing duplex with a vacant lot in ST Petersburg right now. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
1,713 sq. ft.
Amenities:
AC, Wood Floors
For sale by:
Agent/Broker
Agent Name:
David Shaw
Posted:
July 20 2023 on ListedBuy
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More About this Listing: 944 18th Avenue South, St. Petersburg, FL 33705
944 18th Avenue South, St. Petersburg, FL 33705 is a Three Bedroom Two Bath Multi-Family Real Estate for Sale at 944 18th Avenue South in Saint Petersburg FL. Find other listings like 944 18th Avenue South, St. Petersburg, FL 33705 and listings near 944 18th Avenue South by searching Oodle Classifieds for Three Bedroom Two Bath Multi-Family Real Estate for Sale in Saint Petersburg FL.
944 18th Avenue South, St. Petersburg, FL 33705 is a Three Bedroom Two Bath Multi-Family Real Estate for Sale at 944 18th Avenue South in Saint Petersburg FL. Find other listings like 944 18th Avenue South, St. Petersburg, FL 33705 and listings near 944 18th Avenue South by searching Oodle Classifieds for Three Bedroom Two Bath Multi-Family Real Estate for Sale in Saint Petersburg FL.