Check out this fantastic opportunity in North St. Pete. This block home in the highly desirable area of North St. Petersburg offers a prime opportunity for savvy investors. With 2 bedrooms, 1 bathroom, and an in-ground pool, this property has excellent potential for a high return on investment after renovation. The property was impacted by the recent hurricane and has been professionally remediated. The pictures provided are of the current condition and the condition before the storm. Although the property is now vacant, it was previously leased to a tenant for $3,400 per month. 

The property is not subject to the FEMA 50% rule and significant strides towards revitalization have already been made. The pool was resurfaced and will be filled with water prior to closing. A new electric meter was installed by Duke Energy and the electrical panel was previously updated. Furthermore, the kitchen features new cabinets while the undamaged countertops and sink are safely stored away for the new owner. 

This home is situated in a thriving neighborhood, making it an excellent candidate for a fix-and-flip project or rental investment. We recommend installing a new roof, flooring, replacing drywall and ceilings, updating the bathroom as well as replacing light fixtures, outlets, and doors. Finally, a fresh coat of paint both inside and out will tie everything together. Don’t miss this chance to capitalize on a groundbreaking price point.

Projects with this kind of potential do not last long. Please contact your EquityPro Advisor for more information or to schedule a showing.