Property Description

One or more photo(s) has been virtually staged. Fully Renovated Home & ADU on a Rare Double-Lot: This Cash Flow & Development Opportunity. This is a unique offering where immediate rental income meets massive future development potential in prime South St. Pete. 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.