Under contract-accepting backup offers. 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.
Location not available
Listing
Street
Satellite
Exterior Features
Construction Single Family Residence
Siding Frame
Roof Shingle
Garage No
Garage Description Alley Access,
Water Public
Sewer Public Sewer
Lot Dimensions 100x127
Lot Description Landscaped, Level, Oversized Lot
Interior Features
Appliances Convection Oven, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Heating Electric
Cooling Central Air
Basement Crawlspace
Year Built 1938
Neighborhood & Schools
Subdivision CROMWELL HEIGHTS
Elementary School Campbell Park Elementary-PN
Middle School John Hopkins Middle-PN
High School Gibbs High-PN
Financial Information
Parcel ID 25-31-16-19350-001-0050
Zoning NTM-1
Listing Information
Properties displayed may be listed or sold by various participants in the MLS.