2320 MELROSE AVE S
3, 1, 1,200ft²
MLS#: TB8460288
AMAZING OPPORTUNITY * NOT IN A FLOOD ZONE * NO HOA * NO CDD * LOCATION ** Multiple new construction homes all over!
Excellent opportunity to acquire a tenant occupied 4-bedroom 2-bathroom block construction home offering 1,204 square feet of living space in a rapidly developing area of St. Petersburg, Florida.
The property is currently leased through April 30, 2026, generating $1,905 a month in rental income, which is significantly below current market rent.
Major capital improvements have already been completed, minimizing near term ownership risk. Recent updates include a brand-new HVAC system installed in November 2025, a newer roof from 2021, updated soffit and fascia, and
Solid block construction offers long-term durability and low-maintenance ownership.
Prime location just south of Central Avenue, surrounded by ongoing redevelopment and new construction. Convenient access to downtown St. Petersburg and very close to Tropicana Field.
Ideal for buy and hold investors seeking immediate cash flow with long term upside, or for future owner occupants planning ahead.
Do not disturb tenant. Showings by appointment only!
Driving directions : From I-275 (major highway through St. Petersburg) Take Exit for 18th Ave S and head west. Continue on 18th Ave S toward the residential area. Turn onto Prescott St S Turn left (south) from 18th Ave S onto Prescott St S. Drive a short distance — the house will be on your right side near the 1400 bloc
| Rooms | Dimension | Description |
|---|---|---|
| Primary Bedroom | First level , Vinyl | |
| Primary Bathroom | First level , Vinyl | |
| Bedroom 2 | First level , Vinyl | |
| Bedroom 3 | First level , Vinyl | |
| Bedroom 4 | First level , Vinyl | |
| Bathroom 2 | First level , Tile | |
| Kitchen | First level , Tile | |
| Living Room | First level , Tile | |
| Family Room | First level , Tile |
3, 1, 1,200ft²
MLS#: TB8460288
3, 2, 1,722ft²
MLS#: TB8448665
4, 2, 1,677ft²
MLS#: TB8461687
3, 1, 1,346ft²
MLS#: TB8458749