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Affordable Flip or Rental – St. Petersburg – $259,900

$259,900 • 2 Beds / 2 Baths • 1,154 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 2
Bathrooms 2
Year Built 1960
Approx.SqFt. 1154

Description

This 2-bed, 2-bath, 1,154 sf block home (built 1960) sits on a 7,998 sf lot in a quiet residential pocket south of Hillside Dr S. The structure appears solid, with mid-century CBS construction and mostly original systems. No recent major permits were found for roof, electrical, or HVAC—suggesting full mechanical and cosmetic updates are due. With nearby renovated 2/2s selling from the low-$300Ks and up, this property offers a strong value-add opportunity for investors.

🛠️ Rehab Scope

Roof replacement (no recent permit; likely near end of life)
Full interior update: kitchen, baths, flooring, paint, trim
HVAC inspection or replacement
Exterior paint and curb appeal improvements
Optional: fencing and landscaping upgrades for rental appeal

🔵 Comparable Sales

310 55th Ave S ( ~1,488 sf | 1956 ) – Closed $575,000 ($386/sf) – larger, high-end reno
5310 5th St S ( 874 sf | 1958 ) – Closed $307,000 ($351/sf) – smaller, updated
5998 Grove St S ( 1,101 sf | 1958 ) – Closed $328,000 ($298/sf) – similar size, renovated
450 51st Ave S ( 944 sf | 1959 ) – Pending $310,000 ($328/sf) – smaller, modernized

Based on these comps, ARV is estimated around $375,000 – $385,000, assuming full interior/exterior renovation and new roof/HVAC.