2145 42ND AVE N

INVESTOR SPECIAL – PRICED BELOW MARKET | North St. Pete Location

Looking for your next project in one of Pinellas County's most active investment areas? 2145 42nd Ave N, Saint Petersburg, FL 33714 is a 2 bed / 1 bath home with 915 sq ft of interior living space on a 4,050 sq ft lot, offered at a price below comparable homes in the area. The home needs significant work and is sold strictly AS-IS, which is where the opportunity is. Whether you flip, hold, or run a BRRRR strategy, this property gives you a solid base and a clear path to building equity. If you've been waiting for a deal with real upside, this is the kind of opportunity that rewards a prepared buyer with a clear plan, a rehab budget, and the ability to close with cash or hard money.

PROPERTY HIGHLIGHTS

2 bedrooms / 1 bathroom
915 sq ft of interior living area
4,050 sq ft lot
Fully fenced yard, ready for pets, play space, or a tenant-friendly outdoor area
Tile flooring throughout
Sold strictly AS-IS and in need of significant work, so you set the scope and capture the upside

WHY INVESTORS WILL LOVE THIS PROPERTY

Buy at a discount. The best deals are made at purchase, and this home is priced below comparable homes in the area. That gives you room to build in your rehab budget, cover holding and closing costs, and still protect your margin. In a competitive market, a lower entry point matters, and it gives you more flexibility whether you sell, rent, or refinance after the rehab.

Force appreciation through renovation. Value-add properties reward the investors who put in the work, and this one gives you plenty of room to do exactly that. Nearby 2/1 homes have recently resold at nearly double their as-is purchase price after renovation. Run your own numbers. A well-planned rehab can move this home from as-is to market-ready, and you control the scope, finishes, and schedule.

Floor plan advantage. A simple 2 bed / 1 bath layout on 915 sq ft is easy to scope, bid, and budget. Contractors can price it quickly, there's no guesswork about what a renovation involves, and the finished home appeals to a broad pool of buyers and renters. Compact homes are also efficient to maintain, which helps whether you plan to sell or hold.

A blank canvas for the updates buyers and renters want. Typical value-driving updates include:

Kitchen: new cabinets, counters, fixtures, and appliances
Bathroom: refreshed finishes, vanity, and fixtures
Flooring: updated surfaces to complement the existing tile
Paint: fresh interior and exterior color for instant curb appeal
Systems: updates to bring major systems to current standards

Flexible exit strategies. Flip it for a quick return, refinance and hold it as a rental, or recycle your capital through the BRRRR method. An as-is property with room for improvement gives you the most control over your outcome, your timeline, and your numbers.

NEARBY

I-275 access is just minutes away
PSTA bus stop within walking distance
Community parks within walking distance

BUYER INFORMATION

Cash and hard money only. The property is sold strictly AS-IS, WHERE-IS, and the seller will make no repairs or concessions. Buyer to verify all information, including square footage, lot size, zoning, utilities, permits, and rental potential.

Opportunities like this don't last, and showings are available now.