MBA Realty Group, Inc.
Veterans United Homefront
19 Photos

1002 18th AVENUE S, St Petersburg, FL 33705

$695,000 Asking Price

4 beds
3 baths
2,342  sqft
Built in 1920

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.


Listing Status:
Active
Date Added:
February 21, 2024 — 227 days ago
Listing Office:
MELANGE REAL ESTATE INC, Mark Nathwani (727-667-6246)
Office Phone:
813-400-0077
MLS ID:
U8231688

Features & Amenities

Interior

General:
Ceiling Fan(s), Window Treatments
Appliances:
Electric Water Heater, Range, Range Hood, Refrigerator
Laundry:
Electric Dryer Hookup, None, Washer Hookup
Flooring:
Carpet, Tile
A/C:
true, Central Air
Heating:
true, Central, Electric

Exterior

General:
Lighting, Sidewalk

Construction

Roofing:
Shingle
General:
Wood Frame, Wood Siding, One, Crawlspace

Location

Road/Access:
Asphalt
Originating MLS:
Stellar MLS
County:
Pinellas

Lot

Zoning:
CROMWELL HEIGHTS BLK B, LOT 1, 311625193500020010
Fencing:
Fenced

Utilities

Utilities:
Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Water Available, Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Stellar MLS

This listing courtesy of:
MELANGE REAL ESTATE INC, Mark Nathwani

About Saint Petersburg, FL

Housing

Number of Units
198,858
Median Home Value
$268,233
Median Rent
$1,040

34.52% of housing units are renter occupied.

14.89% are vacant.

Commute

Car
62.17%
Public Transportation
1.66%
Walk to Work
1.48%
Work from Home
32.47%
Other
1.10%

The median travel time to work is 17 minutes.

People

Population
352,896
Median Age
46.30
Median Household Size
2.36

Education

High School
25.67%
Associate’s Degree
9.20%
Bachelor’s Degree
22.93%
Graduate Degree
13.14%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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