Pinellas County, St. Petersburg, FL 33701
3 bd2 ba1,350 sfBuilt 1951
Gross spread$151,000
Description
Call/text Mike @ [contact details hidden] to submit an offer or for more information! Rare St Pete Investment – Main House + Detached Income-Producing ADU! ARV: 350k Asking Price: 199k PLEASE CLICK THE LINK TO VIEW OUR IN-DEPTH DEAL PACKET FOR COMPLETE PROPERTY DETAILS, PHOTOS, COMPS, REPAIR BREAKDOWN, RENTAL ANALYSIS, AND SUPPORTING INFORMATION: [contact details hidden] Rare opportunity in St. Petersburg 33701 featuring two separate dwellings on one parcel: an approximately 800 sqft main house plus a fully detached 550 sqft cottage/ADU. Pinellas County records the property as two buildings and two living units, making the second dwelling a major value-add without needing to create it from scratch. Property Highlights: 2 separate dwellings on one parcel 3 total beds / 2 total baths 1,350 sqft combined living area Main house: 2b/1b, 800 sqft Detached cottage/ADU: 1b/1b, 550 sqft Both units currently vacant and available for renovation Detached cottage was tenant-occupied until August 2026 Cottage can potentially be renovated and placed back into service while work continues on the main house Repairs Needed: Full renovation Roofs on both structures (Main home roof was installed in 2014 and recently had an inspetion 8 months ago that passed) HVAC / mini-split systems Interior cosmetics Electrical updates Windows & exterior doors Cleanout and landscaping Investment Opportunity: Renovate and resell as a single-family property with a detached accessory dwelling Operate as a two-unit rental Hold both structures for separate income streams Stabilized rent estimate after renovation of approximately 2,500/month total Main house: approximately 1,400/month Detached cottage: approximately 1,100/month Multiple exit strategies make this especially attractive for investors looking for both equity upside and income potential Comps Supporting Value: 720 21st Ave S – Sold 395k | Renovated 2-unit property 753 16th Ave S – Sold 345k | Renovated single-family property 827 Paris Ave S – Sold 310k | DATED 2-unit property The 395k two-unit sale is the closest product match, while the deal is conservatively underwritten to a 350k ARV. Access: Vacant — by appointment only. Buyer to perform their own inspections and independently verify square footage, rents, repairs, zoning/use, permits, insurability, and all financial projections. Call/text Mike @ [contact details hidden] to submit an offer or for more information!
Verified — contract control only
The originating marketplace confirmed that the seller holds an executed purchase contract on this property. That is the whole of what it attests. It is not a check of the asking price, the condition, the repair estimate, the after-repair value or whether the deal is profitable. A deal without this badge is not unsafe — most have simply never been checked.
$/sqft vs market
Median of 310 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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Who is supplying this listing is withheld. A buyer account that has accepted the non-circumvention agreement on the address request above sees it here. Direct phone and email are not published here at all.