Residential Property - Single Family Residence in St Petersburg
Listing Price: $460,000
Description of Property
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.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: St Petersburg
County: Pinellas
Subdivision: Cromwell Heights
Bedrooms: 4
Bathrooms: 2
Sq. Ft. Gross: 1,937
Sq. Ft. Living Area: 1,713
Cost per (heated) sqare foot: $269
Year built: 1938
Annual Tax: $5,241
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Refrigerator
Additional Rooms: Garage Apartment
Flooring: Hardwood
Schools
Elementary School: Campbell Park Elementary-PN
Middle/Junior High School: John Hopkins Middle-PN
High School: Gibbs High-PN
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Bungalow
Construction: Wood Frame
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Garden
Parking Features: Alley Access
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features: Screened
Security Features:
Other Structures:
View:
Fencing: Wood
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Oversized Lot
Lot Size (acres): 0.29
Lot Size (sq. ft.): 12,667 square feet
Lot Dimensions: 100 x 127
Front Exposure: North
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 253116193500010050
Zoning: NTM-1
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: CROMWELL HEIGHTS BLK A, LOTS 5 AND 6
Section: 25
Range: 16
Listing courtesy of ATLAS REALTY GROUP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
