UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,713 sqft
Price per Sqft $271
Subdivision Cromwell Heights
MLS Listing ID TB8447251
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1938
Annual Tax Amount $5,240
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 100x127
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
The Ready-to-Go Income Property (Vacant, renovated & Move-In Ready)First 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.
Location
State FL
County Pinellas
Community Cromwell Heights
Area 33705 - St Pete
Zoning NTM-1
Direction S
Rooms
Other Rooms Attic, Family Room, Florida Room, Garage Apartment
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Central Air
Flooring Ceramic Tile, Concrete, Tile, Wood
Furnishings Unfurnished
Fireplace false
Appliance Convection Oven, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Laundry Washer Hookup
Exterior
Exterior Feature Garden
Parking Features Alley Access
Fence Chain Link, Fenced, Wood
Utilities Available Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available
Roof Type Shingle
Porch Front Porch, Screened
Garage false
Private Pool No
Building
Lot Description Landscaped, Level, Oversized Lot
Story 1
Entry Level One
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Structure Type Frame
New Construction false
Schools
Elementary Schools Campbell Park Elementary-Pn
Middle Schools John Hopkins Middle-Pn
High Schools Gibbs High-Pn
Others
Pets Allowed Cats OK, Dogs OK, Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8447251
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