Welcome to 1420 36th Ave N, a rare gem in the sought-after neighborhood of Magnolia Heights in the area of St. Petersburg. This charming 2-bedroom, 1-bath home sits on a spacious 8,700 sq ft lot and offers multiple income-generating possibilities. Whether you're an investor searching for your next profitable fix-and-flip, or a hands-on buyer ready to make this your forever home, this property delivers on potential, location, and versatility. Just minutes from Downtown St. Pete, the Dalí Museum, Sunken Gardens, the St. Pete Pier, and major highways like I-275, this home is also conveniently located near St. Pete–Clearwater International Airport, beautiful beaches, restaurants, shops, and some of the city's best parks and green spaces. The neighborhood’s historic charm and walkability make it one of the most desirable spots in the city. A renovated shed in the backyard currently has an active tenant, generating monthly income. There’s also an RV hook-up installed, with a side fence providing gated access to the back alley, perfect for future rental, guest stays, or expanded parking options. Inside, the main home offers 771 sq ft of solid living space, ready for a refresh. With the right updates, you could easily unlock its full value. This is more than just a home—it’s an opportunity to invest in one of St. Pete’s most thriving, culturally vibrant neighborhoods. Schedule your showing today—properties like this move fast!