Property Description

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.

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Included Appliances

MicrowaveRefrigerator

Property Details

Interior

Appliances

MicrowaveRefrigerator

Building Area Total

2160

Cooling

Central Air

Flooring

Ceramic TileLuxury Vinyl

Heating

Central Building

Living Area

2160

Security Features

Smoke Detector(s)

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

Stucco

Direction Faces

West

Foundation Details

Slab

Levels

Two

Living Area Source

Public Records

Living Area Units

Square Feet

Stories Total

2

Year Built

1949

Site & Exterior

Flood Zone Code

X

I D X Participation

Yes

Lot Size Acres

0.09

Lot Size Area

4347

Lot Size Dimensions

45 x 97

Lot Size Square Feet

4347

Lot Size Units

Square Feet

Number Of Separate Electric Meters

3

Number Of Separate Water Meters

Yes

Public Survey Range

16

Public Survey Section

27

Road Frontage Type

City Street

Road Surface Type

Asphalt

Sewer

Public Sewer

Total Acreage

0 to less than 1/4

Utilities

Electricity Available

Financials

Calculated List Price By Calculated Sq Ft

208.33

Contract Status Change Date

2026-04-07

Current Price

450000

Feed Types

BBO

Owner Name

RS INVESTMENT PROPERTIES LLC

Ownership

Fee Simple

Parcel Number

273116848340000030

Public Survey Township

31

Tax Annual Amount

3485.96

Tax Block

000

Tax Book Number

84834

Tax Legal Description

SPRING GARDENS SUB LOT 3

Tax Lot

0030

Tax Year

2025

Neighborhood & Lifestyle

Community & Association

M L S Area Major

33711 - St Pete/Gulfport

Subdivision Name

SPRING GARDENS SUB

Listing provided courtesy of STELLAR via IDX. Updated: Jun 22, 2026, 8:08pm.

1200 40TH STREET

1200 40TH STREET

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Michael Schultz

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1200 40TH STREET

1200 40TH STREET

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Michael Schultz