The Flip Potential of 9033 3rd St N St. Petersburg, FL 33702, United States is medium.
Current Specs
Multi-Family
1 Units
0 Bed / 2 Bath
1,370 sqft
$264 per sqft
Estimated Value$362,350
Flip Advice
The property at 9033 3rd St N in Saint Petersburg is situated in a desirable neighborhood (Riviera Bay) with a median listing price of around $416K. Its current valuation stands at approximately $362K, showing potential upside. However, the property is relatively small at 1,370 sqft and has less than average lot size, making it less competitive compared to nearby comps that average 1,600 sqft and higher. The recent comp data indicates a healthy market but suggests that this property may require significant updates to appeal to buyers.
To maximize flip potential, consider light renovations focused on modernizing the kitchen and bathrooms, along with fresh paint and landscaping. Given the property's current valuation and the neighborhood's rolling market, a well-executed remodel could elevate its value. Keep an eye on market trends, and avoid over-investing, as the return may not justify the additional costs. Aim for a strategic approach that aligns with current buyer preferences in the area.
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 9033 3rd St N: