3-Bedroom 2 Bath St. Petersburg Rehab

This 3-bedroom, 2-bath home offers 848 square feet of heated living area on a 6,551-square-foot lot. The mixed block-and-frame property has public water and sewer, no pool, no garage or carport, no HOA, and FEMA Zone X. Permitted roof and electrical work date to 2019, but the home still needs a coordinated interior, exterior, plumbing, and HVAC.

Repairs Needed

• Repair rotted exterior wood, damaged stucco, the broken window, missing soffit, worn weather stripping, drainage issues, and cracked concrete; then repaint the exterior.
• Renovate the kitchen, flooring, interior paint, trim, lighting, doors, and hardware.
• Replace both bathrooms and repair the loose tile, vanity finish, deteriorated tub enamel, plumbing fixtures, and drains.
• Replace the 2007 water heater and 2008 HVAC system.
• Correct the open-ground outlet, damaged cover, service-mast debris, GFCI protection, and smoke-detector placement issues.

Comparable Sales

1. 3901 45th Ave N — 0.22 miles away; 2/2 with 850 square feet; sold June 2026 for $325,000; 4,356-square-foot lot; no pool; no garage or carport; wood-frame and vinyl construction; fully renovated in 2025/2026. It is the closest heated-area match but has one fewer bedroom and a smaller lot.
2. 4065 39th Ave N — 0.19 miles away; 2/1 with 884 square feet; sold April 2026 for $324,000; 6,351-square-foot lot; no pool; attached one-car garage and no carport; block construction; fully renovated. Its lot and living area are close, but the garage and block construction are superior while it has one fewer bedroom and bathroom.
3. 3926 40th Ave N — 0.14 miles away; 3/1 with 960 square feet; sold May 2026 for $305,000; 6,560-square-foot lot; no pool; no garage or carport; block construction; fully updated with a 2024 roof. It closely matches the bedroom count and lot size but is larger, has superior construction, and has one fewer bathroom.
4. 4400 44th Ave N — 0.34 miles away; 2/1.5 with 947 square feet; sold January 2026 for $315,000; 6,351-square-foot lot; no pool; no garage or carport; frame construction; fully remodeled with an updated quartz kitchen. It has a similar lot and construction type but is larger and has one fewer bedroom and half a bathroom less.
5. 5052 Jasmine Cir N — 0.83 miles away; 3/2 with 1,007 square feet; sold June 2026 for $330,000; 6,351-square-foot lot; no pool reported; one-car carport and no garage; block construction; fully remodeled with a 2019 roof and 2026 AC. It is the best bed-and-bath match but is larger and superior in construction, covered parking, and HVAC age.

ARV & Rental Analysis

Estimated ARV: $315,000 to $330,000 +/-

Estimated Rent: $2,200 to $2,400 per month +/-