The Flip Potential of 1885 Mississippi Ave NE St. Petersburg, FL 33703 is medium.
Current Specs
3 Bed / 1 Bath
945 sqft
$228 per sqft
Estimated Value$215,000
Flip Advice
The property at 1885 Mississippi Ave NE in Saint Petersburg presents a solid investment opportunity, especially given the median listing price in the desirable Shore Acres neighborhood is around $385K. However, the home has sustained flood damage, which could complicate renovations and impact its resale value. With a current valuation of $215K and recent comps averaging around $270K, there's potential for profit if you can manage the repairs effectively.
For a successful flip, prioritize necessary renovations that address the flood damage and enhance curb appeal. Given the relatively low entry price, consider adding square footage or modernizing the interior to attract buyers. While the property needs work, its location in a thriving community boosts its appeal, making it worthwhile for serious investors ready to tackle the challenges.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 1885 Mississippi Ave NE: