CASH FLOWING AND OCCUPIED**NO FLOOD ZONE**INCREDIBLE INVESTMENT OPPORTUNITY in the heart of ST. PETERSBURG! This CORNER-LOT parcel spans 3.5 LOTS and includes THREE CASH-FLOWING PROPERTIES (4 UNITS TOTAL): a 3-BEDROOM, 2-BATH HOME, a 2-BEDROOM, 2-BATH HOME, and TWO REMODELED STUDIO UNITS. All units were FULLY UPDATED IN 2022 with NEW ROOFS, KITCHENS, FLOORING, DOORS, TRIM, and PAINT, and the property received NEW LANDSCAPING IN 2025. The CURRENT OWNERS HAVE PERMITTED THE TEAR-DOWN of a former 5-unit structure (INCLUDING ASBESTOS REMOVAL) and REZONED THE PROPERTY to allow for UP TO 13 UNITS—giving the next investor the ability to COLLECT RENT WHILE YOU BUILD. PRIME LOCATION just MINUTES TO CENTRAL AVENUE, DOWNTOWN ST. PETE, and the WAREHOUSE ARTS DISTRICT, with easy access to the TROPICANA FIELD REDEVELOPMENT AREA, the BEACHES, and I-275. Surrounded by NEW CONSTRUCTION and THRIVING LOCAL BUSINESSES, this HIGH-DEMAND RENTAL AREA offers STRONG CURRENT INCOME, ENDLESS APPRECIATION POTENTIAL, and an AMAZING OPPORTUNITY to DEVELOP IN ONE OF ST. PETE’S FASTEST-GROWING CORRIDORS. 2722 14TH AVE S 2 BEDROOM HOUSE, 2728 14TH AVE S 3 BEDROOM HOUSE, 2722 14TH AVE UNIT A AND B STUDIO UNITS AND 1416 28TH AVE S (WAS 5 UNIT TEAR DOWN)
