Address: 944 18th Avenue S, ST PETERSBURG, FL 33705
Description
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.
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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Garden
Fencing: Chain Link, Fenced, Wood
Flooring: Ceramic Tile, Concrete, Tile, Wood
Living Area: 1713.00
Roof: Shingle
Land Information
Lot Features: Landscaped, Level, Oversized Lot
School Information
High School: Gibbs High-PN
Middle School: John Hopkins Middle-PN
School Elementary: Campbell Park Elementary-PN
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Alley Access
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Electric
Pets Allowed: Cats OK, Dogs OK, Yes
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Appliances: Convection Oven, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Country: US
Furnished: Unfurnished
Interior Features: Ceiling Fans(s)
Legal Description: CROMWELL HEIGHTS BLK A, LOTS 5 AND 6
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