736 47th Avenue N, St Petersburg, FL 33703

Property Description

Perfect starter home, prime redevelopment opportunity, or why not both? This 2-bedroom/1 & 1/2-bath single family home on a deep (45 x 127) lot with alley access is ideally located in North St Pete in the highly sought-after and walkable corridor between 4th St and 9th St N. 10 minutes to the vibrant downtown St Pete waterfront, and 20 minites to the Gulf Beaches. No flood insurance required, no HOA, and the home comes fully furnished and move-in ready! | As a starter home: A buyer could move in tomorrow and not even need to bring furniture or kitchenware (the home is fully furnished as a medium term rental). FHA/VA-ready, with no flood insurance or HOA fees to reduce your buying power, and the home has a clean 4-point for easy and accurate insurance quotes. | As a redevelopment play: The identical lot next door at 744 47th was purchased in July of 2024 for $323k, and the new 5-bedroom home with ADU sold a year later for $1.39M! The lot is zoned NT-1 and the house next door is a prime example of the opportunity and demand for new construction in this area. Best of all, the fully furnished existing home averages almost $2k/mo gross as a furnished medium term rental, lowering your cost basis with each passing month while dealing with design and permitting! (Ongoing MTR management services are available).