944 18TH AVE S St Petersburg, FL 33705
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,713 sqft
Price per Sqft $271
Subdivision Cromwell Heights
MLS Listing ID TB8447646
Bedrooms 3
HOA Y/N No
Year Built 1938
Annual Tax Amount $5,240
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 100x127
Property Sub-Type Duplex
Source Stellar MLS
New Construction false
Property Description
Rare Double Lot (12,700 Sq Ft) with NTM-1 Zoning in Prime St. Pete Location
Address: 944 18th Ave S, St. Petersburg, FL
Welcome to an unparalleled investment opportunity! This offering is not just a renovated duplex; it's a massive, high-density development site combined with immediate move in or rental income, set in the heart of rapidly gentrifying South St. Petersburg.
The Investment Proposition: Build Up to 8 Units
RARE NTM-1 Zoning: The most critical feature. This special New Town Mixed-Use 1 designation allows for a significant density increase, setting this property apart from the competition.
Double Lot (100 x 127): A sprawling 12,700 sq ft lot, perfect for phased development.
Immediate Cash Flow: This is one of the few properties offering an updated single family Home with ADU plus a vacant, buildable lot.
The Existing Structures: Vacant & Move-In Ready
Both the Main House and the Accessory Dwelling Unit (ADU) are vacant and ready for immediate occupancy or new tenant placement, allowing you to generate income instantly while planning your development.
Main House: A charming, newly renovated 3-bedroom, 1-bathroom unit featuring solid hardwood flooring and a dedicated laundry area.
ADU (Attached/Separate): A spacious 1-bedroom, 1-bathroom unit with an updated kitchen and large living room.
Maintenance: New Roof (2021) and AC (2018).
Investor-Friendly Utilities: Completely separate power and water meters for both units, eliminating landlord responsibility for utility payments!
Phase 1 (Vacant Lot): Confirm with the City of St. Petersburg: The vacant portion of the lot is approved for the construction of up to 3/4 residential dwelling units under the NTM-1 zoning.
Phase 2 (Future Upside): Knock down the existing structures and construct an ADDITIONAL 4 units for a total potential build-out of 8 dwelling units or a more complex mixed-use project.
?? Unbeatable Location: Growth is Here
Enjoy significant property appreciation surrounded by major development:
1 Mile Radius: Walk or bike to the thriving ARC Innovation District, Bayfront Health Medical Center, and the vibrant energy of Downtown St. Petersburg.
Gentrification: New construction is unfolding all around this address. Secure your foothold in this rapidly appreciating corridor.
This is arguably the best-value cash-flowing duplex with a vacant lot and high-density zoning in St. Petersburg right now. Don't miss this chance to build serious wealth.
CALL TODAY to schedule a private showing.
Location
State FL
County Pinellas
Community Cromwell Heights
Area 33705 - St Pete
Zoning NTM-10
Direction S
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Central Air
Flooring Ceramic Tile, Concrete, Tile, Wood
Fireplace false
Appliance Convection Oven, Electric Water Heater, Refrigerator
Laundry Washer Hookup
Exterior
Exterior Feature Other
Utilities Available Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
Elementary Schools Campbell Park Elementary-Pn
Middle Schools John Hopkins Middle-Pn
High Schools Gibbs High-Pn
Others
Pets Allowed Cats OK, Dogs OK, Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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