944 18th Avenue S, ST PETERSBURG, FL 33705

Fully renovated home & adu on a rare double lot: this cash flow & development opportunity. This is a unique offering where immediate rental income meets massive future development potential in prime south st. Pete. The ready to go income property (vacant, renovated & move in ready)first and foremost, this property is a completely updated, hassle free rental machine, ready for immediate occupancy or tenant placement. Generate income instantly while planning your next future wealth. Features: main house 3 bed 1 bath fully renovated with solid hardwood flooring and dedicated laundry area. Separate adu 1bed 1bath spacious unit with an updated kitchen, large living room, and private entrance. Low maintenance: both units feature a new roof (2021) and new ac (2018). Easy management: utilities are completely separated, with individual power and water meters for both units. The developer's dream: rare ntm 1 zoning on a double lotthe massive 12,700 sq ft lot is zoned ntm 1 (new town mixed use 1)the most critical feature that sets this property apart. This high density zoning unlocks extraordinary development potential, allowing for up to 8 total residential units. Rare double lot: a sprawling 100 x 127 lot (12,700 sq ft) perfect for phased development. Phase 1 (immediate build): the vacant portion of the lot is approved for the construction of up to 3 4 additional dwelling units under the ntm 1 zoning. Phase 2 (ultimate upside): construct up to an additional 4 units after utilizing the existing structures for a total potential build out of 8 dwelling units or a mixed use project. (buyer to verify all development projections with the city of st. Petersburg. ) unbeatable location: growth is here enjoy significant property appreciation surrounded by major development in this rapidly gentrifying corridor. 1 mile radius: walk or bike to the thriving arc innovation district, bayfront health medical center, and the vibrant energy of downtown st. Petersburg. Security: secure your foothold in one of st. Pete's most rapidly appreciating neighborhoods. This is the ultimate combination of immediate cash flow from a beautiful, renovated duplex and massive future wealth creation potential through high density zoning.