Under contract-accepting backup offers. Unique Homesteaded, Multi-Family Opportunity with VALUE-ADD potential IN DOWNTOWN ST PETE | Are you ready to put your stamp on a piece of St. Pete history? Look no further than 1100 Beach Dr NE, a rare diamond in the rough with the best location, just waiting for your vision. This versatile property in the coveted Old Northeast neighborhood is a blank slate for your dreams as an owner / investor. Currently configured as a 4-unit dwelling, this spacious property features four individual apartments, each with one bedroom and one bathroom. Unit 1 boasts approximately 1,074 sq ft, unit 2 spans 834 sq ft, while units 3 and 4 each offering around 714 sq ft of living space. Originally a single-family home and converted to apartments many years ago this property retains it's grand-fathered status for multi-family use in this premier, single family zoned neighborhood. This spacious property offers endless possibilities, Imagine maximizing its potential as a lucrative investment property, either as an owner operator for the savvy investor, there's the option to enhance the current multi-unit setup for increased cash flow or just live in one unit while renting out the others. Situated on a generous 67x107 corner lot, the property includes 3 parking spots and an oversized detached 2 car garage with separate laundry room and two outdoor patio areas. Priced well below the average price per square foot for the area, this property is a rare find in one of St. Petersburg's most coveted locations. You're just 6 blocks from Downtown Luxury High-rise Condos, restaurants and shopping, a mere 5 blocks to The Vinoy Resort Hotel and only 2 blocks from North Shore Park, its gardens, dog park, ball fields, Olympic Pool and even a beach, all with views of Snell Island, Coffee Pot Bayou, St. Pete's Downtown Skyline & award winning Pier with it's Norths Shore Trail for pedestrian use all along the waterfront of Tampa Bay. Don't let this opportunity slip away. Whether you're looking to flip for sale, renovate & hold long-term, complete Value-add renovations for improving to market rent, continue to homestead and house-hack your living costs, or even convert back Single Family home masterpiece you can create your dream investment property at 1100 Beach Dr NE - Here is your chance to own a piece of St. Pete's best address with unlimited potential. Make your mark on the Old Northeast – the possibilities are as vast as your imagination!

Listing courtesy of ENGEL & VOLKERS ST. PETE 7275804043



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Data last updated at: 2024-10-29 08:00 PM EDT