Bungalow

One or more photo(s) has been virtually staged. Developer's Dream & Completely Updated Cash Flow King: Rare Double Lot (12,700 Sq Ft) with NTM-1 Zoning in Prime St. Pete Location Address: 944 18th Ave S, St. Petersburg, FL Welcome to an unparalleled investment opportunity! This offering is not just a renovated duplex; it's a massive, high-density development site combined with immediate move in or rental income, set in the heart of rapidly gentrifying South St. Petersburg. The Investment Proposition: Build Up to 8 Units RARE NTM-1 Zoning: The most critical feature. This special New Town Mixed-Use 1 designation allows for a significant density increase, setting this property apart from the competition. Double Lot (100 x 127): A sprawling 12,700 sq ft lot, perfect for phased development. Immediate Cash Flow: This is one of the few properties offering an updated single family Home with ADU plus a vacant, buildable lot. The Existing Structures: Vacant & Move-In Ready Both the Main House and the Accessory Dwelling Unit (ADU) are vacant and ready for immediate occupancy or new tenant placement, allowing you to generate income instantly while planning your development. Main House: A charming, newly renovated 3-bedroom, 1-bathroom unit featuring solid hardwood flooring and a dedicated laundry area. ADU (Attached/Separate): A spacious 1-bedroom, 1-bathroom unit with an updated kitchen and large living room. Maintenance: New Roof (2021) and AC (2018). Investor-Friendly Utilities: Completely separate power and water meters for both units, eliminating landlord responsibility for utility payments! Phase 1 (Vacant Lot): Confirm with the City of St. Petersburg: The vacant portion of the lot is approved for the construction of up to 3/4 residential dwelling units under the NTM-1 zoning. Phase 2 (Future Upside): Knock down the existing structures and construct an ADDITIONAL 4 units for a total potential build-out of 8 dwelling units or a more complex mixed-use project. ?? Unbeatable Location: Growth is Here Enjoy significant property appreciation surrounded by major development: 1 Mile Radius: Walk or bike to the thriving ARC Innovation District, Bayfront Health Medical Center, and the vibrant energy of Downtown St. Petersburg. Gentrification: New construction is unfolding all around this address. Secure your foothold in this rapidly appreciating corridor. This is arguably the best-value cash-flowing duplex with a vacant lot and high-density zoning in St. Petersburg right now. Don't miss this chance to build serious wealth. CALL TODAY to schedule a private showing.