One or more photo(s) has been virtually staged. NTM-1 ZONED DEVELOPMENT OPPORTUNITY WITH INCOME IN PLACE. This is a rare opportunity to acquire a cash-flowing property with confirmed NTM-1 zoning, offering significant redevelopment potential in the rapidly evolving St. Petersburg market. Situated on an 8,255 SF lot with alley access, the property supports potential development of 5-6 residential units (buyer to verify), ideal for 'missing middle housing such as duplex, triplex, or small multifamily configurations. The existing setup includes a 3-bedroom main home and a separate 1-bedroom accessory dwelling unit that will generate approximately $3,625/month, providing immediate income while planning future development. NTM-1 zoning allows for up to 30 units per acre with a maximum of 4 units per building, creating multiple viable development strategies. Both homes have been completely remodeled. New kitchens, all new paint, new roof.Located within an Opportunity Zone, this property offers both immediate cash flow and long-term upside for investors, builders, and developers.
Listed By
Agency Name: CORNERSTONE PROP.INTERNATIONAL
Agency Contact: 813-929-3900
Shown By
Agent Name: Travis & Kiersten Funk
Agent Phone: (727) 403-9597
Agency Title: Florida Executive Realty
Estimated Payment
$ 1,848.29 per month $1,157.07 Principal & Interest $539.58 Property Tax $151.64 Homeowner's Insurance
4105 18th Avenue S | MLS# TB8501353
This single family home located at 4105 18th Avenue S, Saint Petersburg, FL 33711 is currently listed for sale with an asking price of $519,900. This property was built in 1922 and has 3 bedrooms and 1 full baths with 1253 sq. ft. 18th Avenue S is located in the ST PETERSBURG INVESTMENT COS subdivision. Search ST PETERSBURG INVESTMENT COS real estate on funk.floridaexecutiverealty.com today.