Additional Details

• Important Details: --> NO HOA or monthly fees --> Zoned CCT-1 (Corridor Commercial Traditional), CCT-1 zoning allows for multifamily usage, accessory dwelling unit, apartments, office, restaurant, or business. Buyer to verify uses with City of St. Petersburg zoning department. --> Share roof responsibilities with other unit. Each building has 2 units.
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $385,000 - $405,000
• Estimated Rehab: $25,000 - $35,000
• Comparable Rent: $2,500
• Construction: CBS Bottom Floor / Frame Top Floor
• Occupancy: Vacant at close!
• Comp 1: 136 SE JEFFERSON CIR N, ST PETERSBURG, FL 33703 -- 3/2/1000 sqft -- SOLD $406k DEC 2022 (Same unit, updated)
• Rehab Description: For a rental or flip, cosmetic updates are optional. If trying to reach max after repair value, update the kitchen, bathrooms, and floors. Apply some fresh interior paint. Bottom floor is 1,000 sqft and can be kept as additional storage + oversized garage 2 car garage space, or be built out for commercial uses. Buyer to verify uses with City of St. Petersburg zoning department.
• Features: Amazing opportunity in North Saint Petersburg! This 3 bedroom, 2 bath condo features 1,000 sqft, located on a quiet street, and offers a massive storage/garage area underneath the living space. Also, this property is zoned CCT-1 (Corridor Commercial Traditional), CCT-1 zoning allows for multifamily usage, accessory dwelling unit, apartments, office, restaurant, or business, the list goes on with possibilities for the bottom floor! This property can serve as an excellent rental for cash flow, or a flip for quick profits. Don't miss out!
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab