Property Description:
This 3-bed, 2-bath block home offers 1,335 sq ft of living space on a spacious 9,714 sq ft lot in the high-demand Bear Creek area of St. Petersburg. Built in 1952 and vacant at closing, this property presents a great canvas for a value-add renovation with strong profit potential.
🛠️ Rehab Needed – Full Interior Refresh + System Updates
The home will need new flooring, fresh paint, updated windows, central A/C installation, and full trash-out. Both bathrooms and the kitchen are functional but would benefit from cosmetic updates and appliance replacement. The property also includes two backyard sheds and a large lot that could shine with basic landscaping and cleanup.
💰 Market Comps – Solid Indicators of $400K+ ARV
🔵 Pending Listings
• 6327 Emerson Ave S – 3/2, 1,536 sq ft, Pending at $440K → $286/sq ft (0.08 mi)
• 568 La Plaza Ave S – 3/2, 982 sq ft, Pending at $325K → $331/sq ft (0.26 mi)
🔴 Closed Sales
• 6338 8th Ave S – 3/2, 1,630 sq ft, Sold for $550K → $337/sq ft (0.24 mi)
• 806 Bamboo Dr S – 3/2, 1,313 sq ft, Sold for $425K → $324/sq ft (0.33 mi)
• 5972 5th Ave S – 3/2, 1,408 sq ft, Sold for $550K → $391/sq ft (0.51 mi)
🎯 Estimated ARV*: $399K–$420K+
💵 Rental Estimate: $2,500/month
Whether flipped or held, this property offers strong cash flow potential in a supply-constrained neighborhood.