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🏡 Investor Opportunity – St. Petersburg, FL — $409,000

$409,000 • 3 Beds / 2 Baths • 1,968 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 3
Bathrooms 2
Year Built 1966
Approx.SqFt. 1968

Description

This 3-bed, 2-bath, 1,968 sf block home built in 1966 sits on an 8,494 sf lot in a quiet St. Petersburg pocket just west of 4th St S and south of 50th Ave S. The property features a 2-car garage, in-ground pool, and solid mid-century structure ready for a full cosmetic transformation. Major systems are in place, including a new 2024 roof, updated windows/doors (2014), and HVAC (2016), offering a strong foundation for a value-add flip. Property sits in Flood Zone X (no flood insurance required).

🛠️ Rehab Scope

Full interior remodel (kitchen, baths, flooring, paint, fixtures)
Pool resurfacing, tile refresh, and pump service
Exterior paint, trim, and landscaping for curb appeal
Light plumbing and electrical tune-ups as needed
General deep clean and minor wood/fascia repair

🔵 Comparable Sales

821 51st Ave S – 3/2 1,491 sf | 9,583 sf lot | 1963 | Updated – Sold $420,000 ($282/sf)
648 Myrtle Way S – 2/3 1,895 sf | 0.40 ac | 1950 | Fully Renovated – Sold $590,000 ($311/sf)
521 51st Ave S – 3/2 2,117 sf | 0.28 ac | 1960 | Modern Finishes – Sold $610,000 ($288/sf)
5219 4th St S – 3/2 1,455 sf | 7,309 sf lot | 1974 | Average Condition – Sold $400,000 ($275/sf)

📈 Lot & Condition Analysis

The subject’s 1,968 sf footprint with pool aligns closest to the Myrtle Way S and 51st Ave S comps.

Renovated homes in this area average $280–$310 per sf, supported by modernized finishes and outdoor appeal.

Given size, garage, and pool, this property could confidently support the upper-$500Ks ARV range once fully updated.