Property Description

Welcome to 626 37th Avenue South, a standout investment opportunity in the highly desirable Coquina Key neighborhood of South St. Petersburg, ideally located directly across from Coquina Key Park. This prime location offers immediate access to waterfront recreation including kayaking, paddleboarding, fishing, and scenic outdoor space that consistently drives strong rental appeal.This versatile property features a detached accessory dwelling unit (ADU) above a spacious garage, currently occupied with a long-term tenant, providing immediate income. The property is fully occupied and has been updated throughout, offering a turnkey opportunity for investors seeking stable, in-place revenue from day one.Notably, the home did not experience flooding during recent hurricane events, adding an extra layer of confidence for ownership in this coastal market.The flexible layout supports a variety of living and rental configurations, making it well-suited for investors or owner-occupants seeking supplemental income (buyer to verify rental regulations). Additional highlights include ample garage and storage space ideal for recreational equipment, a valuable feature given the property's proximity to public water access and outdoor amenities.Located in the rapidly growing South St. Petersburg market, the property benefits from close proximity to downtown St. Petersburg, the St. Pete Pier, beaches, dining, shopping, and major employment centers including hospitals and universities. This central location supports consistent rental demand and long-term value growth.Whether you are looking to expand your investment portfolio or secure a primary residence with income potential, this property offers a compelling combination of location, condition, and immediate income generation.