$550,000

Description

INVESTORS, HOUSE HACKERS, AND VALUE-ADD BUYERS—THIS IS THE OPPORTUNITY YOU'VE BEEN WAITING FOR! Located in the heart of St. Petersburg, this unique property offers multiple income-producing possibilities on an expansive lot with a grandfathered-in detached ADU—a setup that is becoming increasingly difficult to find. The main home is a true 2-bedroom, 2-bath residence that has been temporarily configured as a 3-bedroom for the current tenants. The property is currently rented for $2,250 per month, providing immediate rental income while offering future owners the opportunity to reconfigure and add their own improvements and vision. Behind the main home sits a separate ADU with its own private entrance and an abundance of land and privacy. The upper level features a 2-bedroom, 1-bath unit currently rented for $1,850 per month. The lower level is currently undergoing a full rehabilitation and includes an additional full bathroom, creating significant potential for additional income, an owner-occupied unit, extended family living, or further value creation. This property is being sold AS IS, offering the right buyer the opportunity to bring their own vision, complete the ongoing improvements, and maximize the property's income potential. Whether you're an investor looking to expand your portfolio, a first-time buyer seeking a house-hack opportunity, or a buyer looking for a property with multiple future possibilities, the upside here is substantial. The location is hard to beat, positioned just minutes from I-275, approximately 10 minutes to Downtown St. Petersburg, and about 25 minutes to Tampa. With convenient access to shopping, dining, employment centers, entertainment, and everything Tampa Bay has to offer, this is a location that continues to attract strong rental demand. Two separate structures. Multiple living spaces. Existing rental income. Nearly a double lot (oversized lot). A grandfathered ADU. Additional unfinished potential. Opportunities like this are rare, and the possibilities are truly endless for the buyer willing to bring the vision. Schedule your showing today and explore the potential of this unique St. Petersburg investment property. Owner Finance available, please inquire for details!