# 512 88 Th Avenue N, St Petersburg, FL

> This Residential Income listing has 4 Beds, 3 Full Baths. Schedule a showing for 512 88 Th Avenue N in St Petersburg, FL.

- Price: $399,000
- Status: Active
- Property Type: Residential Income
- MLS ID: TB8559506
- Features: 4 Beds, 3 Full Baths
- Photo: https://prd-pbgo-mls-photos.s3.amazonaws.com/mfr/properties/photos/TB8559506_a751bfca08c4db375f04155c471c6396.jpg

## Description

Great investment opportunity in St. Petersburg with existing rental income and excellent expansion potential! This property features two separate 1-bedroom, 1-bathroom units, **both currently tenant-occupied and generating rental income**, along with a detached 2-car garage that has been rented separately for storage, providing an additional income stream. A major highlight of this property is the **City of St. Petersburg-approved building plans and permit for a third residential unit!** The planned addition consists of a 2-bedroom, 1-bathroom unit above the existing detached garage, while preserving the 2-car garage below for continued use or potential rental income. 
The approved building plans and permit convey with the sale, saving the new owner the considerable expense of having plans prepared and the time involved in obtaining city approvals and permits. This provides a significant head start for an investor looking to maximize the property's income potential. With two existing income-producing units, the opportunity to add a third residential rental unit, and additional garage rental income, this property offers excellent potential for increased cash flow and long-term investment value!

## Attribution

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  Information last updated on October 23, 2026 04:13 AM - ET

Property last updated: October 23, 2026 04:13 AM - ET.