FL > St Petersburg > Cromwell Heights
St Petersburg, FL 33705,1002 18TH AVE S
St Petersburg, FL 33705,1002 18TH AVE S
St Petersburg, FL 33705,1002 18TH AVE S
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$695,000
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4 BD
3 BA
2,342 SqFt
Active

1002 18TH AVE S St Petersburg, FL 33705

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Morgan Ellis

Morgan Ellis

+1(727) 521-7378

UPDATED:

09/04/2024 09:05 PM

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

HOA Y/N No

Originating Board Stellar MLS

Year Built 1920

Annual Tax Amount $4,393

Lot Size 6,534 Sqft

Acres 0.15

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

Direction S

Interior

Interior Features Ceiling Fans(s), Window Treatments

Heating Central, Electric

Cooling Central Air

Flooring Carpet, Tile

Fireplace false

Appliance Electric Water Heater, Range, Range Hood, Refrigerator

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

Waterfront false

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Wood Frame,Wood Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Stellar MLS
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by MELANGE REAL ESTATE INC

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Morgan Ellis

Broker | License ID: BK3246748

+1(727) 521-7378

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1002 18TH AVE S