1002 18TH AVENUE S
ST PETERSBURG, FL, 33705
$695,000
4 Beds
3 Baths
2,342 SqFt
0.15 Acres
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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.

Property Details

Price:
$695,000
MLS #:
U8231688
Status:
Active
Beds:
4
Baths:
3
Address:
1002 18TH AVENUE S
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
CROMWELL HEIGHTS
Neighborhood:
33705 – St Pete
City:
ST PETERSBURG
Listed Date:
Feb 21, 2024
State:
FL
Finished Sq Ft:
2,342
Total Sq Ft:
2,342
ZIP:
33705
Lot Size:
6,351 sqft / 0.15 acres (approx)
Year Built:
1920
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Interior

Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Tile
Heating
Central, Electric
Laundry Features
Electric Dryer Hookup, None, Washer Hookup

Exterior

Construction Materials
Wood Frame, Wood Siding
Exterior Features
Lighting, Sidewalk
Roof
Shingle

Financial

Tax Year
2023
Taxes
$4,393

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Community

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1002 18TH AVENUE S
ST PETERSBURG, FL