5455 5th Ave., St. Petersburg, FL 33707

Under contract-accepting backup offers. Great Investment opportunity centrally located in booming St. Petersburg, FL in a quiet neighborhood on a brick street. An existing structure has a 2 car garage with a 2bed/1bath unit on the second floor. This is technically referred to as an ADU (Accessory Dwelling Unit), placed at the back of the lot on the alley with a concrete slab parking area for two cars. The majority of the lot is open and ready to be built upon. Seller has paved the way with all necessary plans, permits, and a blueprint for a single family home. Comps in this neighborhood for other new construction single family homes are between $500,000-$800,000 depending on the size and usage potential. This property has the existing ADU to use for rental purposes or as additional housing for family or guests. For a savvy investor, the ARV is very attractive. Call today to schedule your private showing!