$775,000 • living size area 4622 sqft

Great investment property located in the heart of downtown st. petersburg just blocks from beach drive! central to new luxury townhome/condominium construction and an excellent opportunity for builders/investors. currently a fully furnished and fully leased apartment property,, with the main house containing 4 brs, 41/2 bas, professional front office, a studio apartment with a separate entrance on the side and 2 cottages located on site with alleyway entrance (between 5th and 6th ave.) the main house has a large foyer, family room, den,office,large kitchen with breakfast area, 2 other large multi-use rooms and laundry room with 2 washers/dryers. upstairs has 2 large master bedrooms with private bathrooms plus 2 more bedrooms, a full bathroom and large storage room/closet. the studio apartment has a private entry on the side of the house with a large bathroom & large walk-in closet. both cottages are cozy 1br/1ba units. there is on-site private parking in the back and curb parking out front. there is a city approval from the city to either: 1) keep the existing house and build four 1400sq.ft. townhouses with 2 car garages in the backyard or 2) level the house and build five 2000sq.ft. townhouses with 2 car garages. current plans allow space for a pool in addition to the 5 townhouses. keep it as a rental income property or, zoned commercial )crt-1*)**, it can also be great for a professional office such as a law firm within walking distance to the courthouse. this is a very unique property.

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