Neighborhoods in St Pete?

[Cameron Fielding]

Hi all! I'm trying to familiarize myself with St Pete as an investment area, and some feedback from locals would be massively helpful. 

I'm scouting multi-families to househack, so ideally somewhere that needs cosmetic improvement but isn't totally in the hood.

Historic Kenwood looks exciting(!) and fits the bill, and parts of Old Southeast also look promising. Are there similar neighborhoods that I should be checking out? Places to avoid altogether?

[Jeff Copeland]

In addition to the areas already mentioned, check out Central Oak Park, particularly from 49th St to 37th St, between Central Ave and about 5th Ave S. I, and a few of my clients, are buying in that area. It has a lot of the same charm as Kenwood (red brick streets, etc), but is several years behind Kenwood in terms of value (and potential). 

Examples:

A colleague of mine just completed a flip at 4134 3rd Ave S ($78k purchase price, currently pending in the mid-160s)

I recently bought the house next door at 4142 3rd Ave S ($101k purchase price, rented for $1150/mo)

A client of mine recently bought 4511 2nd Ave S (a small MFR with a 2/1 single family and a 1/1 apartment) for $143k.

Another client of mine recently bought 3544 6th Ave S for $68k. Turnkey, rented for $995/mo.

The deals are out there, you just have to keep looking...and looking....and looking!

Good luck,