The subject property contains 2 units in 2 buildings on the parcel, however, the Pinellas County Property Appraiser site currently reflects 1 living unit in 1 building. Conversely, the NT-2 zoning of the subject property allows for 15 units per acre, which applied to the property land area of 0.1377 acres, equates to an allowable density of 2 units on the parcel. Therefore, a new owner has the option of updating the ADU license with the City of St Pete to reflect the existing 2 living units or the opportunity to eliminate the smaller existing unit/building and construct a brand-new unit/building on the parcel!
Situated near Tropicana Field & Central Avenue in Downtown St Petersburg, the location has immense rental demand with a shortage of units, providing substantial rental upside potential. Please see the property Offering Memorandum for full details & financial info!