5045 38th Avenue North

Under contract-accepting backup offers. Investor Special with Endless Potential on an Oversized Lot!

Due to the property’s condition, traditional financing will not qualify. Cash, private money, or renovation financing only. Sale is limited to end buyers. No assignments.

Opportunity is knocking with this 2,195 sq. ft. home situated on an oversized 10,088 sq. ft. lot in a convenient St. Petersburg location. Recently repossessed by the bank, this property presents an outstanding opportunity for investors or buyers looking to transform a property with tremendous upside.

The previous owner began renovations before the property went through foreclosure, leaving behind a solid starting point. While portions of the home have been cosmetically updated, buyers should assume the property requires a complete rehabilitation.

With 2,195 square feet of living space, the possibilities are endless. Reimagine the existing layout or create your own ideal floor plan, whether that’s a spacious 3 bedroom, 2 bathroom home or another configuration that best suits your vision. The property also features a detached 2 car garage and an existing in ground pool, creating the perfect foundation for a private courtyard oasis. The pool is nestled between the main house and the detached garage, with a large covered lanai overlooking the space, making it ideal for entertaining, relaxing, or enjoying the Florida lifestyle. The detached garage also offers additional flexibility with convenient alley access and the potential to be converted into an ADU (buyer to verify zoning and permitting requirements), a private guest suite, home office, or the ultimate pool house. With the right renovation, this unique indoor and outdoor setting could become the centerpiece of a truly one of a kind retreat.

The location is hard to beat. Just minutes from US 19 and I 275, you’re approximately 10 minutes from major shopping including Aldi and Sam’s Club, along with local favorites like Tealicious Café and Whizz In Market & Deli. Tampa International Airport is only about 15 minutes away, while St. Pete Beach, Sunset Beach, Tyrone Square Mall, and vibrant downtown St. Petersburg are all within a 20 minute drive.

Whether you’re looking for your next fix and flip, a long term investment, or a custom home project, this property offers outstanding potential in one of the area’s most convenient locations. Bring your vision and schedule your private showing today!