Not only is this an ideal fixer upper/renovation opportunity but this could also be the perfect lot for a newly built home! The current house on this recently cleared lot sits way at the back on the alley which leaves plenty of space for you to build a new home on the front of the lot.
You could fix the house that is here now and live in it while having your dream home built. We have been told that the City of St Petersburg allows a 2nd dwelling on this property since there is an alley. The current house which was built in 1925 is a 2 story and could be filled with charm and character. It was recently cleaned out and is ready for work to begin. It probably will need a new roof, upgraded electric panel, new kitchen, new bathrooms, etc! It was used as a duplex (there are 2 separate Duke Energy meters) but a non load bearing wall could be removed (near the interior stairs) and the house could easily become a single family home again. Plans are underway to begin construction on a large premium home directly across the street. Several new homes have recently been built or are being built in the area. This lot is in an "X" flood zone so is not required to have flood insurance. 4th bedroom doesn't have a closet but instead has a kitchenette that you might want to convert to a master bath and closet. Are you interested in this property but don't have the cash? I have a lender to help you with a renovation loan to make this dream come true!