701 - 703 38th Avenue N, ST PETERSBURG, FL 33704
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  • MLS#: TB8388648 ( Residential Income )
  • Street Address: 701 - 703 38th Avenue N
  • Viewed: 180
  • Price: $649,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 0
  • Bedrooms: 4
  • Total Baths: 3
  • Days On Market: 208
  • Additional Information
  • Geolocation: 27.8069 / -82.6429
  • County: PINELLAS
  • City: ST PETERSBURG
  • Zipcode: 33704
  • Subdivision: Allendale Terrace
  • mfrmls
  • DMCA Notice
  • Description
    Turn Key Income Property with Legal Apartment This extensively renovated corner lot property offers a legal two unit configuration consisting of a 3 bedroom / 2 bath main residence and a fully permitted 1 bedroom apartment, each designed for independent use. Separate electric meters support clear expense allocation and operational efficiency. The property has undergone comprehensive capital improvements, including two new HVAC systems, all new electrical wiring with two new electrical panels, two new water heaters, updated kitchens and baths, new flooring, fresh interior and exterior finishes, professional landscaping, hurricane rated impact windows in the main house, and a roof replaced approximately six years ago. Major systems have been addressed, minimizing near term maintenance and capital expenditure exposure. The permitted apartment supports long term rental use and income stability, while the main residence offers strong rental demand based on size, layout, and condition. Alley access enhances parking, privacy, and unit separationfeatures that improve tenant usability and asset performance. The property has experienced no flood damage, no storm damage, and no deferred maintenance. Priced at $649,000, the asset is positioned to support market based rental income, flexible occupancy strategies, and long term hold performance in the Allendale Terrace area of St. Petersburg, where permitted multi unit properties with this level of renovation are limited.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Sidewalk
  • Flooring: Luxury Vinyl
  • Living Area: 1728.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned, Driveway, Off Street, On Street, Parking Pad
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Mini-Split Unit(s), Other
  • Heating: Central, Other
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Window Treatments
  • Legal Description: ALLENDALE TERRACE BLK 8, LOT 16 & S 25FT OF LOT 15 LESS RD R/W ON S PER O.R. 4095/431
  • Levels: One
  • Area Major: 33704 - St Pete/Euclid
  • Parcel Number: 06-31-17-00540-008-0160
  • Views: 180
  • Zoning Code: NTM-1
Headshot for Associate Frank Filippelli
  1. Frank Filippelli, Broker,CDPE,CRS,REALTOR ®
  2. Southern Realty Ent. Inc.
  3. Mobile: 407.448.1042
  4. frank4074481042@gmail.com