Crescent Lake Bungalow-St. Pete Flip Opportunity

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This is a rare opportunity to acquire a property with a ton of potential in one of St Pete’s most desirable neighborhoods, Crescent Lake. Crescent Lake is located about 20 blocks north of downtown St Pete. It’s just south of 22nd Ave N between 4th St and MLK. It’s a couple blocks across 4th St from Old NE St Pete.

The property is a historic 2Bed.1Bath bungalow-style house that was built in 1925. The house is 928 sq/ft of living space. Some of its features are hardwood floors, a fireplace, and archways that exude 1920’s style and charm. The attic has plenty of headroom and could be finished into a livable space. The laundry room that’s adjacent to one of the bedrooms can very easily be converted to a master bath making the house a 2Bed.2Bath.

The house is going to need a full-rehab to bring it back to its former glory, but the potential is definitely there. The rehab should cost between $40-50k depending on fixtures and finishes used and the quality of the work done. Once finished, the house should be valued in the $240k+ range. Similar homes in this neighborhood have been selling in the $245-275 per sq/ft range.

Contact us today to learn more about this awesome Flip property!

Address:1235 Highland St N
City:St Petersburg
County:Pinellas
State:Florida
Zip Code:33701
Year Built:1925
Square Feet:928
Bedrooms:2
Bathrooms:1

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