Flip report generated Feb 6, 2025
The Flip Potential of
220 83rd Ave NE St. Petersburg, FL 33702
is medium.
Current Specs
3 Bed / 2 Bath
1,159 sqft
$193 per sqft
Estimated Value$223,980
Flip Advice
This property located at 220 83rd Ave NE in Saint Petersburg, FL, has recently undergone significant renovations, making it as-is fairly attractive in a desirable neighborhood. While the location and features are strong, its recent updates may limit the potential ROI for a major flip, especially given the competitive market and the higher asking price compared to local comps. The average price per square foot in the area is around $248, while this property is listed at about $225 per square foot.
Consider focusing on cosmetic upgrades and staging to enhance appeal rather than extensive renovations. The property is likely to sell well with minor updates and strategic marketing. If you hold the property, wait for a better market timing or assess the potential for rental income in a hot rental market. If selling soon, price competitively to attract buyers quickly.
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.