Thank you
Andrew Birr
PLAID PROPERTIES, LLC
407-702-0864
Split 3 existing lots with 2 rental SFRs into 5 lots with 5 SFRs and 5 ADUs! Develop a total of 5 single family homes on 5 parcels on a combined .58 acres. Develop 10 total units on 5 parcels! Exit by selling each lot separately or operate as a multifamily property. The City of St. Petersburg will allow an ADU built on each property. Currently, the 2 Single Family Homes have short term tenants in place. The sellers are utilizing the online platform, Padsplit, to lease each room individually at an average of $960 / month. The houses are fully occupied. Both existing SFRs have been renovated. 626 35th Ave. S is a 6 bedroom, 2 bath SFR on .31 Acres. The city has indicated, preliminarily, that a developer can split this lot into 3 separate lots. (One lot on either side of the existing SFR.) Renovations include fresh interior and exterior paint. 650 35th Ave. S is a 3 bedroom, 1 bath SFR on .19 Acres. Renovations include fresh interior and exterior paint, new floor joists, new baseboards and LVP Flooring, new doors, new fans, updated kitchen and bathroom. New roof in 2019. Both houses are available furnished with desks, chairs, a queen bed and rugs as a separate package. The vacant lot in between the 2 houses is known as "35th Avenue S" and is .08 acres. The lots are well positioned just 2 miles South of Downtown St. Pete, one block from the Grandview Park boat ramp with access to Tampa Bay, adjacent to Lake Maggiore and Boyd Hill Nature Preserve, close to St. Petersburg Country Club with Southside Youth Soccer. Lots are in Flood Zone X and zoned NT-1, which allows for ADUs. 15 minutes to the beach! • Your development plan could include razing the existing homes and building 5 new houses, each with an ADU, or further renovate the existing homes, and build 3 new single family homes. Split the 626 35th Ave. lot into 3 separate lots to create a total of 5 lots. Sell the finished homes individually or add 10 new rental units to your portfolio! (5 SFRs and 5 ADUs) • This submarket is poised for growth. A half mile from the subject property, St. Pete developer, Stoneweg, is beginning construction on a new retail plaza and apartment complex situated in the former Coquina Key Shopping Plaza. The firm plans to build a seven-story apartment building, with 465 units. The adjacent 21,000-square-foot retail plaza, to be built in front of the apartments, will be anchored by a local grocer. • There is now greater access for homeowners to secure financing for properties with ADUs. FHA allows borrowers to use 75% of the estimated rental income to qualify for the mortgage. Smart homebuyers can offset the high prices of new home construction by leasing their ADU, lowering their monthly payment and increasing equity. Developers benefit from increased buyer demand and affordability. • St. Pete is booming! Nearly 40 large scale residential projects are currently underway in St. Pete. Future job growth over the next 10 years is scheduled to be 42%. The Tampa - St. Pete - Clearwater Metro Area is the 2nd largest metro in Florida and 18th in the USA.
Total Bedroom: 9
Total Baths: 3
Full Baths: 3
Ceiling Fans(s), Window Treatments
Roof : Shingle
Appliances : Built-In Oven, Cooktop, Refrigerator, Washer
Laundry Features: Laundry Room, Washer Hookup
Shingle
Flooring : Wood
Construction Materials : Wood Siding
Heating: Electric
Cooling: Mini-Split Unit(s)
WaterSource: Public
Year Built: 1915
Lighting
Construction Materials: Wood Siding
Foundation Details: Pillar/Post/Pier
Lot Square Feet: 25264
Lot Acres: 0.58
Lot Size (SqMt): 2347
Property Type: Residential
Sub Type: Single Family Residence
Original List Price: $999000
Tax Block: 1
Tax Book Number: 1
Tax Lot: 1
Tax Legal Description: BIG BAYOU SUB, FLORENCE GOLDIES REV BLK 3, ALL OF LOT 4 AND 5 & W 55FT OF LOT 3 & E 18FT OF LOT 6
Annual Tax: $4562
Tax Year: 2023
Parcel Number: 31-31-17-08802-003-0040
Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Sewer: Public Sewer
Water Source: Public
Subdivision: BIG BAYOU
City: SAINT PETERSBURG
Direction: Heading South on 6th St. S, make a right on 35th Ave. S. The Subject property is the 3rd and 4th houses on the left.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2041 Beach Dr Se, Saint Petersburg, FL,33705 | $2,999,000 | 4 | 4 | 2,972 | 0.24 Acre |
1060 9th Avenue, Saint Petersburg, FL,33705 | $339,000 | -- | -- | 7,235 | 0.17 Acre |
3733 6th Street, Saint Petersburg, FL,33705 | $550,000 | -- | -- | 10,110 | 0.23 Acre |
650 Pinellas Point Driv.., Saint Petersburg, FL,33705 | $180,000 | 2 | 1 | 775 | 4.06 Acres |
3850 Pompano Drive #12, Saint Petersburg, FL,33705 | $749,000 | 3 | 4 | 2,491 | 1.01 Acre |
1001 12th Street, Saint Petersburg, FL,33705 | $765,000 | 3 | 3 | 1,472 | 0.15 Acre |
6314 Bahama Shores Drive, Saint Petersburg, FL,33705 | $4,750,000 | 5 | 6 | 7,158 | 2.71 Acres |
3850 Pompano Drive #1, Saint Petersburg, FL,33705 | $759,000 | 3 | 4 | 2,491 | 1.01 Acre |
5072 Starfish Drive #A, Saint Petersburg, FL,33705 | $368,999 | 2 | 1 | 773 | -- |
1354 62nd Avenue, Saint Petersburg, FL,33705 | $440,000 | 3 | 2 | 1,724 | 0.18 Acre |
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Based on information submitted to the MLS GRID as of 04/29/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 04/29/2024 @ 06:20
MLS: MFRMLS #O6175898
LISTED BY: Andrew Birr, PLAID PROPERTIES, LLC
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.