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St Petersburg,FL 33705
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,342 sqft
Price per Sqft $296
Subdivision Cromwell Heights
MLS Listing ID U8231688
Bedrooms 4
Full Baths 3
Year Built 1920
Annual Tax Amount $4,393
Lot Size 6,534 Sqft
Property Description
This prime investment rental property presents a fantastic opportunity for savvy investors and developers. With its strategic location and ample space, it offers the potential for lucrative returns and multiple development options.The property boasts a well-maintained structure that can be rented out immediately, generating a steady stream of rental income. The spacious layout and desirable features make it an attractive option for tenants, ensuring stable occupancy rates.Moreover, the property sits on a sizable plot of land, providing ample opportunities for future development. Whether you envision constructing additional residential units, commercial spaces, or a mixed-use development, the possibilities are endless.The property's location in a thriving neighborhood further enhances its investment potential. The area is experiencing significant growth and development, with new businesses, amenities, and infrastructure projects underway. This creates a strong demand for housing and commercial spaces, making it an ideal environment for rental properties and development ventures.With its income-generating potential, development opportunities, and strategic location, this investment rental is a rare find. It offers a unique chance to capitalize on the area's growth while enjoying the benefits of a reliable rental income stream. Whether you're an investor seeking a solid addition to your portfolio or a developer looking for the next big project, this property presents an exceptional opportunity to achieve your financial goals.The property enjoys a prime location in a neighborhood that is undergoing rapid improvement, which is not far from the vibrant downtown area of St. Petersburg.There has been a significant shift in the demographic makeup of the area, with new developments springing up frequently, adding to the neighborhood's appeal.The rental house stands out in excellent condition, meticulously maintained by its owners. It features a 4-year-old roof and a 4-year-old central air system, ensuring comfort and energy efficiency for its occupants.The property's desirability as a rental is evident from its consistently high demand. It rarely remains vacant for more than a week or two during tenant transitions, showcasing its strong rental potential in the local market.
Location
State FL
County Pinellas
Community Cromwell Heights
Interior
Heating Central,Electric
Cooling Central Air
Flooring Carpet,Tile
Laundry Electric Dryer Hookup,None,Washer Hookup
Exterior
Exterior Feature Lighting,Sidewalk
Fence Fenced
Utilities Available Cable Available,Electricity Available,Electricity Connected,Public,Sewer Available,Water Available,Water Connected
Roof Type Shingle
Building
Foundation Crawlspace
Sewer Public Sewer
Water Public
Structure Type Wood Frame,Wood Siding
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None