🏡 Investment Opportunity: 2 Bed / 1.5 Bath Home in Saint Petersburg, FL

📍 Property Details:

• 🛏️ Beds / 🛁 Baths: 2 Bed / 1.5 Bath
• 📏 Livable Area: 1,016 sqft (per tax records)
• 🌿 Lot Size: 5,998 sqft
• 📅 Year Built: 1945 (Wood Frame)
• 💲 Asking Price: $285,000
• 💼 EMD (Earnest Money Deposit): $5,000

📸 Link to Photos:

View Property Photos

🔑 Key Features:

• Charming 1945 Build: This wood-frame home boasts vintage charm and sits on a decent-sized lot in a desirable neighborhood.
• Renovation Potential: Needs significant renovations in 3 major areas:
  • 🛠️ Kitchen: Needs a complete remodel.
  • 🏠 Roof: Replacement required.
  • 🌳 Landscaping: Including a new paver parking pad.

📊 Financial Breakdown:

• 💲 Asking Price: $285,000
• 🏷️ After Repair Value (ARV): $370,000
• 💼 EMD: $5,000

Comps (Comparable Sales):

1. 2842 15th Ave N
   • Sold for $395,000 on 6/24
   • Condition: Fairly Updated, Wood Frame
   • 2 beds / 2 baths / 856 sqft / 1955 yr
2. 2850 15th Ave N
   • Sold for $380,000 on 5/24
   • Condition: Fairly Updated, Wood Frame
   • 3 beds / 2 baths / 1,036 sqft / 1946 yr

💡 Investment Highlights:

This 2-bed, 1.5-bath home offers a prime opportunity for an investor looking to maximize returns through renovations. The property's vintage charm combined with necessary updates could position it well for a solid return, given the strong comps in the area.

💵 Price Analysis:

• Asking Price: $285,000
• ARV: $370,000
• Potential Profit: [To be calculated after renovation cost estimates]

⚠️ Considerations:

• Major Renovations Required: The kitchen and roof will require substantial work, along with landscaping upgrades, which could drive costs higher.
• Renovation Timeline: Consider the time and cost to complete the updates before estimating your final return.

📍 Location:

Located in Saint Petersburg, a thriving area with high demand for updated homes, making this a strategic spot for investment. The property is close to local amenities, schools, and parks, ensuring it will appeal to buyers post-renovation.

💼 Conclusion:

With a listing price of $285,000 and a strong ARV of $370,000, this home is a promising investment for those willing to take on the necessary renovations. A well-executed update could lead to significant profit potential.

For more information or to schedule a viewing, please contact:

📞 Phone: 813-544-4909

⚠️ Disclaimer:

All information provided is deemed reliable but is not guaranteed and should be independently verified. Buyers should conduct their own due diligence.