4105 18TH AVE S, ST PETERSBURG, FL, 33711
$519,900
Residential
|
Bedrooms
3
|
Bathrooms
1
|
Living Area
1,063 Sqft
|
Lot Size
8,255 Sqft
|
One or more photo(s) has been virtually staged. NTM-1 ZONED DEVELOPMENT OPPORTUNITY WITH INCOME IN PLACE. This is a rare opportunity to acquire a cash-flowing property with confirmed NTM-1 zoning, offering significant redevelopment potential in the rapidly evolving St. Petersburg market. Situated on an 8,255 SF lot with alley access, the property supports potential development of 5–6 residential units (buyer to verify), ideal for “missing middle” housing such as duplex, triplex, or small multifamily configurations. The existing setup includes a 3-bedroom main home and a separate 1-bedroom accessory dwelling unit that will generate approximately $3,625/month, providing immediate income while planning future development. NTM-1 zoning allows for up to 30 units per acre with a maximum of 4 units per building, creating multiple viable development strategies. Both homes have been completely remodeled. New kitchens, all new paint, new roof.
Located within an Opportunity Zone, this property offers both immediate cash flow and long-term upside for investors, builders, and developers.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8501353 | Year Built: | 1922 | |
| Appliances: | Dishwasher, Dryer, Range, Refrigerator, Washer | Architectural Style: | Cottage | |
| Basement: | Crawl Space | Construction Materials: | Frame | |
| Cooling: | Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Pinellas | Direction Faces: | South | |
| Exterior Features: | Lighting | Fireplace Features: | Decorative, Living Room | |
| Flooring: | Ceramic Tile, Laminate | Foundation Details: | Pillar/Post/Pier | |
| Furnished: | Unfurnished | Heating: | Ductless | |
| Laundry Features: | Inside, Laundry Room | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, VA Loan | |
| Lot Features: | Corner Lot | Occupant Type: | Owner | |
| Pets Allowed: | Cats OK, Dogs OK, Yes | Possession: | Close Of Escrow | |
| Property Condition: | Completed | Property Sub Type: | Single Family Residence | |
| Property Type: | Residential | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Contact Call Center, Lock Box Electronic-CBS Code Required, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Connected, Electricity Connected, Sewer Connected, Water Connected | |
| Vegetation: | Trees/Landscaped | View: | City | |
| Water Source: | Public | Window Features: | Blinds | |
| Rooms | Rooms | |||
|---|---|---|---|---|
| Living Room: | 13x15 ft | Dining Room: | 14x12 ft | |
| Kitchen: | 13x11 ft | Bedroom 1: | 16x9 ft | |
| Bedroom 2: | 11x13 ft | Primary Bedroom: | 13x13 ft | |
| Bathroom 1: | 10x6 ft | |||
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