Dont let some pealing paint scare you away! Welcome to 5009 12th Ave S, a true investor special located in the heart of Gulfport’s Hempstead Annex. This 1953 bungalow sits on a 48x100 lot and offers 596 square feet of interior spaceand an additional 208 square feet of Florida room, ready for a full renovation. With 1 bedroom, 1 bathroom, and original features throughout, this home presents a blank canvas for those looking to restore or reimagine a property in one of Pinellas County’s most vibrant coastal communities. The structure rests on a solid slab foundation and features wood frame construction, vintage jalousie windows, and a flexible layout with tons of potential. Located in Flood Zone X with no HOA or deed restrictions, you'll love the proximity to downtown Gulfport, the marina, local parks, dining, and public transit. The lot is flat, level, and shaded, with room to enhance the exterior footprint or add outdoor features. Utilities are connected, including public sewer and electric, and a wall unit provides basic climate control. This property will require significant work and is best suited for cash buyers or those using a renovation loan, as it will not qualify for conventional financing. Whether you're looking to flip, rent, or create your dream Gulfport cottage from the ground up, this is a rare chance to build equity in a sought-after location and huge upside potential.