$140,000 · ST. PETERSBURG, FL 33705
Works for flippers · Works for landlords

Available

$140,000Asking price

4 bd · 1 ba · 1,008 sq ft · built 1925

ST. PETERSBURG, FL 33705

No contract on file

via InvestorLift Classic

3 views · listed Sep 21

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $300,000
Asking price: −$140,000
RepairsMiddle of the seller’s $45,000 – $75,000. Ours: $26,500 – $47,500: −$60,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$18,533
Profit27.2% of ARV · flippers want 10%+: $81,467
Works

Works for a flipper up to $188,000.

JASON THOMPSON REAL ESTATE

Jason Thompson

No reviews yet

Comps

Sales

Rents

ARV $300,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $300,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

JASON THOMPSON REAL ESTATE

Jason Thompson

No reviews yet

Seller Description

Address: 907 12th Ave S, St. Petersburg, FL 33705

New Asking Price: $140,000 (Freshly dropped from $174,000!)

Estimated ARV: $300,000+

Estimated Rent: $2,000+/month

THE OPPORTUNITY & SPECIFICATIONS

Layout: 4 Bedrooms / 1 Bathroom (1,008 SQFT)
Construction: 1925 classic wood frame on a pier/crawl space foundation (makes mechanical, plumbing, and electrical reruns a breeze!).
Premium Deep Lot: 50' x 136' (0.16 Acres) featuring direct rear alley access.
Zoning: NT-2 Zoning – Explore adding a detached garage or a highly lucrative Accessory Dwelling Unit (ADU) for double-income potential!
Flood Zone X: High and dry! No mandatory flood insurance required.

REHAB & CONDITION SCOPE (Priced Accordingly)

Roof: Needs full replacement (evidence of previous leaks and multiple patches).
HVAC: Needs a new central system. Vents are currently closed off and window units are in use. Plan to mitigate a rodent issue in the crawl/attic space before running new ductwork.
Flooring: Framing repairs needed. Soft subfloors noted in two right-side bedrooms; plan to pull carpet and replace damaged joists/boards.
Backyard: Pull down the interior fence panels to instantly unlock a massive yard utilizing that prime alley access.

CHOOSE YOUR HIGH-MARGIN EXIT STRATEGY

The Flip: Execute a high-end remodel and cash out on a massive spread. Check nearby premium comps for your retail valuation: 1161 Newton Ave S, 1240 James Ave S, and 1131 10th Ave S.
The Buy-&-Hold: Inherit immediate cash flow on day one! The current primary tenant has happily lived here for 8 years and wants to stay. Collect rent now, remodel later.
Vacant Delivery: Ready to swing hammers right away? The seller can deliver the property 100% vacant prior to closing upon request.

DEAL TERMS

Financing: CASH or HARD MONEY ONLY (As-is, where-is).
Deposit: $5,000 non-refundable EMD.
Closing Date: November 27, 2026.
Access: Convenient lockbox access available for serious buyers.

At $140,000, finding a 4-bedroom St. Pete deal with ADU-capable zoning and a $300K+ exit value is a total anomaly.FIRST VERIFIED PROOF OF FUNDS LOCKS IT IN.CALL OR TEXT JASON OR KATRINA IMMEDIATELY: (336) 223-4583 for lockbox code, photos, and to submit your entity details!