(LAND) NT-1 SFR + ADU NEW CONSTRUCTION SUBDIVIDE OPPORTUNITY! (ST. PETERSBURG, 33705)
ASKING PRICE: $137,300
Property Overview
- Double lot of record in Cromwell Heights, St. Petersburg, FL — total size 67′ x 100′ (0.16ac), located on a corner
- Zoned NT-1, allowing for future split into two individual lots via survey and recording
- The previous SFR and ADU were demolished and removed around 2011
- Flood Zone X – high & dry with no flood insurance required
Development Potential
- Each lot can support 1 Single-Family Residence plus 1 Accessory Dwelling Unit (ADU)
- NT-1 zoning setbacks: Front: 25′, Interior Side: 6′, Street Side: 12′, Rear: 10′
- Located on paved road with access to public water and sewer
Location Highlights
- Minutes to downtown, Gulf beaches, and 1 block from bus stop
- Walkable location with public transportation nearby
- Ideal for build-to-hold or resale in a growing, working-class area
Investment Opportunity
- Split into two income-producing parcels
- Potential for 4 rentable units (2 SFRs + 2 ADUs)
- Strong resale comps and increasing demand in up-and-coming Cromwell Heights
*CLICK HERE TO SUBMIT OFFER*
Contact for all info & offers!
704-741-2044
Kristie@zeres.capital
Looking for a CASH transaction. This is an assignment of contract and a non-refundable deposit is required in order to lock up the deal.
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Submitting your offer
Please submit your Highest and best offer once all due diligence has been completed. The highest and best will be accepted based on speed of closing, convenience and price.
All offers must be cash, private lending or hard money only, with the ability to close within (21) days or less. Price is net to the seller, buyer pays all closing costs unless otherwise specified.
After the offer is accepted, the contract must be signed and EMD must be received within 5 hrs to the agency/office that is facilitating the closing. Minimum EMD amount for this property is $5,000. Earnest Money Deposit is Non-Refundable unless title cannot be cleared.
All properties in which the contract is assigned will be delivered fully insured with clear title from a reputable title company/attorney’s office and underwriter.
Basic Terms
For any offering, we either own the property or have equitable ownership interest with the ability to assign our contractual rights to the purchasing party. The buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. The opinion of value is given as a courtesy only as the seller makes no guarantees or warranties, express or implied, as to the value or condition of the property.
Wholesalers and Real Estate Agents
You may share this property with your buyers, however, please do not post this deal on any online platform without our consent. Wholesalers and Real Estate Agents, please add your fee and/or commission on top of our offering price when marketing to clients. To discuss further, please contact us.