3867 18th avenue s

Motivated Seller!! This property is perfect for investors. Cash offers preferred. Current structure will not pass a 4 point inspection. It's a corner lot on a major thoroughfare that was just recently re-zoned for multi-family development. The home that currently stands on the parcel is a 2 bedroom 1 bath single family home with a large attached unfinished garage. The new zoning guidelines allow for 30 units per acre, and 36 feet to the top of the roof peak. This property includes 3 cut curbs/driveways as well as alleyway access, and a partially finished garage. For the right investor and/or developer it's a diamond in the rough. The median rental rate for a 2 bedroom in the area according to Zillow is $2,500, and with the ability to convert this lot to house 4 such units, possible gross rental income could yield $10,000 per month or more. Gulfport is less than 2 miles away, and Downtown St. Pete is less than 5 miles away. This lot is accessible by car, bike, walk up or bus. Call the listing agent today to schedule a tour and submit your offer. The parcel is being sold "As Is", and the price is firm.