INCREDIBLE INVESTMENT OPPORTUNITY IN ST. PETERSBURG – READY FOR YOUR VISION! Located just minutes from downtown and backing up to serene Denver Park, this spacious 4-bedroom, 2-bathroom home with a bonus room and 2-car garage offers over 1, 900 square feet of potential. Whether you’re an investor, flipper, or a DIY enthusiast, this home is ready for someone with a vision to complete the transformation and capitalize on significant equity. One of the unique features of this home is its direct access to Denver Park, with a backyard gate opening right onto the park. Enjoy the convenience of having a basketball court, softball field, 2 tennis courts, and 6 pickleball courts practically in your backyard, making it a dream for sports enthusiasts. The park also includes a playground! Following the flooding from Hurricane Helene, all necessary remediation has been completed, leaving the home a blank canvas for your finishing touches. You’ll appreciate that the stunning granite countertops were preserved, along with the solid wood upper cabinets. The home also includes a kitchen plumbed for natural gas, which had housed a gas stove—an excellent feature for those who love to cook. Other upgrades include a new roof (2022), an expanded primary closet (2023), and a bonus room that adds extra living space, perfect for a dining area and a second family room. With the layout intact, the home offers a straightforward renovation project for those looking to add value quickly. The interior features beautiful tile plank flooring installed last year, which remains in great condition and doesn’t need replacement. The primary suite includes an ensuite bathroom, and the split layout provides privacy, with two secondary bedrooms on one side and a 4th bedroom located separately - ideal for guests or a home office. Natural light pours into every room, enhancing the open feel of the home, and the newer windows and sliders, equipped with hurricane shutters, remain in great condition. The large backyard offers a nice retreat, complete with a screened patio and plenty of room to entertain or even add a pool. Surrounded by natural trees, it’s the perfect outdoor space for gatherings or family fun. This home’s location is close to top-rated Shore Acres Elementary, the new YMCA, Whole Foods, and the vibrant energy of downtown St. Pete. Nearby public boat ramps, beaches, and golf courses make this area highly desirable for families and outdoor enthusiasts alike. With an estimated ARV of $620, 000 to $708, 100, this property is being sold as-is, perfect for cash or hard money buyers. Don’t miss this rare chance to bring your vision to life and secure a property with endless potential. Before and current photos. Call today for more information or to schedule a showing!
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $730 | $730 | $730 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,528 | $2,496 | $3,205 |
Total Monthly Payment | $3,333 | $3,301 | $4,010 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.