Grove Heights Annex Homes with No Deed Restriction Community Extras

Welcome to Grove Heights Annex, a hidden gem nestled in the vibrant heart of St. Petersburg, Florida! This charming subdivision is perfect for those seeking a laid-back lifestyle without the constraints of deed restrictions. Imagine having the freedom to personalize your home and yard without the typical limitations found in other communities. Grove Heights Annex offers just that, making it an ideal choice for creative homeowners and investors alike.

The neighborhood is characterized by its lush greenery and friendly atmosphere, where neighbors become friends and community spirit thrives. With a diverse mix of homes, from cozy bungalows to modern builds, there’s something for everyone. The absence of deed restrictions means you can truly make your space your own, whether that’s cultivating a garden oasis or creating a unique outdoor retreat.

Grove Heights Annex is conveniently located near St. Petersburg’s vibrant downtown, where you can explore a plethora of dining, shopping, and entertainment options. Enjoy the nearby parks and recreational facilities, perfect for outdoor enthusiasts and families. Plus, the stunning Gulf Coast beaches are just a short drive away, offering endless opportunities for sun-soaked adventures.

Whether you’re looking to settle down or invest in a property with great potential, Grove Heights Annex is a community that embraces individuality and freedom. Come discover the charm of this no-deed-restriction neighborhood, where your dream home awaits!

Newest Grove Heights Annex Homes with No Deed Restriction Community Extras

$585,000

7 Beds ⋅ 3 Baths ⋅ Grove Heights Annex SubDv. ⋅ 33705 Zip Code

INVESTOR ALERT! 3 RENTED UNITS | $5,802/MO RENT | NEW ROOF, A/C & WATER HEATERS! **Opportunity is knocking in St. Petersburg!** This income-producing multi-family property features **three rented units**, established rental income, and major recent upgrades. **Unit A:** 3/1 — $1,900/mo — 1-year lease, recently renewed **Unit B:** 2/1 — $1,902/mo — approximately 8 months remaining **Unit C:** 2/1 — $2,000/mo — month-to-month **Recent Upgrades:** New roof (2023), new A/C (2023), new water heaters (2023), plus plumbing and electrical updates (2018). **Current Expenses:** Property taxes $5,958.54/year; insurance approximately $4,000/year; electricity approximately $3,360/year; water approximately $2,160/year. Repairs and maintenance are variable. Owner currently pays water and electricity for the **two rear apartments**. Tenant in the main house pays their own utilities. With **three occupied units and $5,802 in current monthly rental income**, this property offers an established income stream with significant improvements already completed. Schedule your showing today!**

721 12th Street S, St Petersburg

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