4243 1ST AVE S St Petersburg, FL 33711

Charming Bungalow with Income-Producing Guest Suite & CRT-1 Zoning Flexibility! Discover the perfect blend of charm, functionality, and opportunity with this beautifully maintained 2-bedroom, 2-bath Craftsman bungalow—complete with a detached 216 sq. ft. mother-in-law suite that currently generates $1,300/month (utilities included) in rental income! Step inside the main home and you'll fall in love with its classic wood-burning fireplace, rich hardwood floors, cedar-lined closets, and architectural details that speak to timeless craftsmanship. The home's cozy yet open layout offers character and warmth, while updates ensure everyday comfort. The backyard is a private retreat—fully enclosed with vinyl fencing, enhanced by octagon-shaped pavers stamped with a Florida pelican motif, creating the perfect space for relaxing or entertaining under the Florida sun. The detached studio has been tastefully remodeled and features a kitchenette, full bathroom with walk-in shower, and tile flooring. It's ideal as a guest space, rental unit, or home office—offering flexibility and steady income potential.
Situated on 1st Avenue South, this property benefits from high visibility and ample parking along the front, with easy access via the alley. The SunRunner Trolley conveniently connects you from Downtown St. Pete to the beaches, making this an unbeatable central location near restaurants, shops, and Gulf Coast attractions. This property's CRT-1 zoning (Corridor Residential Traditional, Pinellas County / St. Petersburg) allows a variety of live/work and mixed-use possibilities, such as: Single-family or multifamily residential use, Professional offices (real estate, attorney, medical, accounting, design), Studios or small-scale retail/showroom space, or personal services such as salons, wellness studios, or counseling practices. CRT-1 zoning provides a seamless balance between residential comfort and commercial opportunity, making this an exceptional investment for those seeking a home-based business setup, income-producing property, or flexible mixed-use holding. Make an appointment today to grab this amazing opportunity at a fantastic price!