1200 40TH ST S, St Petersburg, FL 33711

About This Property

Fully renovated mixed-use opportunity in South St. Petersburg featuring a 3-bedroom, 1-bath apartment upstairs, 1,080 SF office/commercial space downstairs, and a detached 2-car garage/storage building. Ideal for an owner-user, investor, or live/work setup with flexible occupancy options and strong income potential. Recent improvements include new HVAC, new hot water heaters, updated electrical, new flooring, new cabinets, new appliances, and a new roof in 2020. The property also offers separate electric meters for each unit and a detached garage built in 2013 to newer code standards. Move-in ready and positioned for a variety of residential/commercial use scenarios. OWNER FINANCING AVAILABLE Purchase Price: $450,000 Terms: • $200,000 Down Payment • Seller Financing of $250,000 • 7.0% Interest Rate • Principal & Interest Payments • 30-Year Amortization • 3-Year Balloon Note Monthly Payment: $1,663.26 (Principal & Interest) Remaining balance due at the end of 36 months. Subject to buyer qualification and final loan documents.

Property Details

Listed by INSTA REAL ESTATE SOLUTIONS · MLS# TB8494789