Listing Details for MLS # O6361975
650 Paris Ave S, St Petersburg, Fl 33701

Residential Property - Single Family Residence in St Petersburg

Listing Price: $175,000Days on Market: 14

Description of Property

Discover an exceptional investment opportunity just 3 minutes from Downtown St. Petersburg. Located within the South St. Petersburg CRA, this property is eligible for powerful city incentives, including a 40% Residential Rehab Rebate and up to $100,000 in support for new ADU construction (buyer to verify program details and availability). Seller financing is available with a substantial down payment. This solid block 2-bedroom, 2-bath home has alley access, a detached garage, and a layout that offers multiple value-add paths for the savvy investor. The home features a functional floor plan, an existing bonus flex area, and an oversized garage that opens the door to future expansion or storage options.The property DID NOT FLOOD during the storms. Located in one of St. Pete’s fastest-improving corridors, this area continues to benefit from ongoing redevelopment, proximity to Old Southeast, the Innovation District, the Tropicana redevelopment zone, and easy access to major roadways, the Pinellas Trail, and St. Pete’s award-winning waterfront. Perfect for investors seeking a project with strong rental potential, short-term hold opportunities, and future equity growth. The neighborhood is still undergoing massive redevelopment, with multiple new builds. A rare chance to secure a well-located fixer with multiple exit strategies. Don’t miss it.The average asking price for a 2 bedroom/2 bath single family residence in this Zip code is $492,000. This single family residence is listed at about 36% of the average asking price. This is the only 2 bedroom/2 bath single family residence between $100,000 and $200,000 currently listed for sale in this Zip code.