💎Prime St Pete Investment – Main Home + Cash-Flowing ADU!🚨

About this property

Rare St Pete Investment - Main House + Detached Income-Producing ADU! ARV: $350,000 Asking Price: $209,000 Rare opportunity in St. Petersburg 33701 featuring two separate dwellings on one parcel: an approximately 800 sqft main house plus a fully detached 550 sqft cottage/ADU. Pinellas County records the property as two buildings and two living units, making the second dwelling a major value-add without needing to create it from scratch. Property Highlights: 2 separate dwellings on one parcel 3 total beds / 2 total baths 1,350 sqft combined living area Main house: 2b/1b, 800 sqft Detached cottage/ADU: 1b/1b, 550 sqft Both units currently vacant and available for renovation Detached cottage was tenant-occupied until August 2026 Cottage can potentially be renovated and placed back into service while work continues on the main house Repairs Needed: Full renovation Roofs on both structures (Main home roof was installed in 2014 and recently had an inspetion 8 months ago that passed) HVAC / mini-split systems Interior cosmetics Electrical updates Windows & exterior doors Cleanout and landscaping Investment Opportunity: Renovate and resell as a single-family property with a detached accessory dwelling Operate as a two-unit rental Hold both structures for separate income streams Stabilized rent estimate after renovation of approximately 2,500/month total Main house: approximately 1,400/month Detached cottage: approximately 1,100/month Multiple exit strategies make this especially attractive for investors looking for both equity upside and income potential Comps Supporting Value: 720 21st Ave S - Sold 395k | Renovated 2-unit property 753 16th Ave S - Sold 345k | Renovated single-family property 827 Paris Ave S - Sold 310k | DATED 2-unit property The 395k two-unit sale is the closest product match, while the deal is conservatively underwritten to a 350k ARV. Access: Vacant - by appointment only.

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