🔥 North Kenwood (St. Pete) Fix & Flip: $275,000 Ask | $419K ARV (Comps to $450K!)

HIGH-MARGIN FIX & FLIP IN NORTH KENWOOD (ST. PETE, 33713)

Address: 2611 15th Ave N, St. Petersburg, FL 33713

Estimated ARV: $420,000 (Conservative at $400/SF - Nearby comps hitting $430K-$450K!)

Estimated Rehab: $70,000-$80,000+

THE INVESTMENT THESIS-----------------------------------Opportunities with this much meat on the bone in the highly sought-after North Kenwood area of St. Petersburg rarely sit long! Situated on a generous 50 × 125 ft lot in Flood Zone X (no flood insurance required!), this 1,048 SF 2-bed, 1-bath home comes complete with a highly desirable 20-foot-deep detached garage.

Renovated 2/1s with garages in this exact pocket are selling for $410-$492/SF (including recent sales at $430K and $450K!). At a $419,000 estimated ARV, our subject property is valued at approximately $400/SF-below the price-per-square-foot range of recent neighborhood sales, giving you built-in margin and strong upside.

PROPERTY DETAILS----------------------------------------- Layout: 2 Bedrooms / 1 Bathroom• Living Area: 1,048 SF Under Air• Garage: Detached Garage (~20 Feet Deep, currently in use)• Lot Size: 50 × 125 FT Lot• Flood Zone: Zone X (High & Dry)• Construction: Frame Construction with Some Concrete Block• Foundation: Slab• AC: Approximately 3 Years Old (Cooling well; no permit history found)• Roof: 2006• Windows: Updated-Looking Windows (Age Unknown)

RENOVATION OPPORTUNITY ($70K-$80K+ Est.)--------

The house is currently livable, with functioning plumbing, electrical, kitchen, bathroom, and HVAC systems. However, the interior is dated and needs substantial cosmetic updating to compete with renovated retail properties in the neighborhood.

Note: The property contains a substantial amount of the seller's belongings, so you'll need to look past the clutter and envision the finished product.

Recommended Improvements Include

• New roof
• Electrical panel replacement
• Kitchen renovation
• Bathroom renovation
• Flooring, paint, and general cosmetic improvements
• Interior cleanup/trash-out and preparation for resale
• COMPARABLE SALES (NORTH KENWOOD 2/1s)-------------------------------Recent 2-bedroom, 1-bathroom sales in the surrounding area demonstrate the massive resale potential (Notice our subject property at 1,048 SF is LARGER than both the $430K and $450K comps!):
• 2835 18th Ave N - 2/1 | 1,022 SF | Garage - SOLD $450,000 ($440/SF)
• 2401 16th Ave N - 2/1 | 962 SF | Garage - SOLD $430,000 ($447/SF)
• 2566 14th Ave N - 2/1 | 854 SF | Garage / Pool - SOLD $350,000 ($410/SF)
• 2561 13th Ave N - 2/1 | 808 SF - SOLD $342,000 ($423/SF)
• 2435 14th Ave N - 2/1 | 660 SF - SOLD $325,000 ($492/SF)
• > SUBJECT: 2611 15th Ave N - 2/1 | 1,048 SF | Garage - $419,000 ARV ($400/SF)

SHOWINGS & ACCESS-----------------------------------------------SHOWINGS BY APPOINTMENT ONLY - Please do not disturb the occupants.