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Julia Vakulenko - Broker -

FRONT UNIT FRONT UNIT FRONT UNIT LIVING ROOM FRONT UNIT LIVING ROOM FRONT UNIT BATHROOM FRONT UNIT BED 1 FRONT UNIT BED 2 STUDIO/EFFICIENCY LIVING ROOM STUDIO/EFFICIENCY DINING AREA STUDIO/EFFICIENCY BATH STUDIO/EFFICIENCY BEDROOM TB8526439 DETACH BACK UNIT DETACH BACK UNIT DETACH BACK UNIT DETACH BACK UNIT KITCHEN DETACH BACK UNIT BATH DETACH BACK UNIT DETACH BACK UNIT DETACH BACK UNIT DETACH BACK UNIT
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427 40TH AVE S, ST PETERSBURG, 33705



Property highlights

  • MLS#: TB8526439
  • 6,390.00 lot size Sq.Ft.
  • Year built: 1953

Property Overview

Completely Remodeled | Income-Producing Opportunity | Priced Below Appraised Value!

Discover the perfect blend of modern living and investment potential at 427 40th Ave S, St. Petersburg. This beautifully renovated property offers exceptional flexibility for homeowners, investors, or multi-generational living, all in a prime location just minutes from Downtown St. Petersburg.

The main residence features 2 bedrooms and 1 bathroom, plus a private efficiency/studio complete with its own bedroom, bathroom, and living area—ideal for guests, extended family, or rental income.

Adding even more value, the property includes a detached one-bedroom, one-bath in-law suite, providing another excellent opportunity for additional rental income, a private guest house, or a home office.

Major upgrades have already been completed for peace of mind, including a new roof, HVAC system, water heater, and plumbing—all completed in 2025. Every space has been thoughtfully remodeled with modern finishes, making this property truly move-in ready.

Conveniently located just minutes from Downtown St. Petersburg, local restaurants, shopping, waterfront parks, hospitals, and the award-winning Gulf beaches, you'll enjoy easy access to everything this vibrant city has to offer.

Whether you're looking to offset your mortgage with rental income, accommodate extended family, or expand your investment portfolio, this one-of-a-kind property delivers outstanding versatility and value. Best of all, it is priced below its appraised value, making it an incredible opportunity you won't want to miss.

Driving directions : From I-275, take Exit 21 for 28th Street S. Head south on 28th Street S, then turn left onto 40th Avenue S. Continue east to the property, which will be located on your left at 427 40th Ave S, Saint Petersburg, FL 33705.

Property Features

Rooms Dimension Description
Primary Bedroom First level
Kitchen First level
Living Room First level
Studio First level

Interior Features

  • Ceiling Fans(s)
  • Eat-in Kitchen

Appliances

  • Dishwasher
  • Dryer
  • Microwave
  • Range
  • Refrigerator
  • Washer

Heating

  • Central

Laundry features

  • In Garage

Air Conditioning

  • Central Air

Floor Covering

  • Vinyl

Utilities

  • Cable Available
  • Electricity Connected

Exterior features

  • Sidewalk
  • Storage

Community Features

  • Street Lights

Construction Materials

  • Block

Road Surface Type

  • Paved

Roof

  • Shingle

Foundation

  • Block

Listing information courtesy of MIRANDA LANDA REALTY GROUP LLC

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Listing data comes from My Florida Regional MLS.