Under contract-accepting backup offers. Discover the opportunity to own a home in the highly desirable Allendale Terrace neighborhood at 646 38th Ave North. This 2-bedroom, 1-bathroom home includes a bonus room and a one-car garage, offering a flexible layout ready for your creative vision. Whether you’re looking for your next renovation project or a multi-unit investment property, this home is bursting with potential. The house boasts several important updates, including a roof replacement (2015), HVAC system (2022), plumbing (2023), and a water heater (2013). With alley access, parking and entry are made convenient, adding to the home’s overall functionality. What truly sets this home apart is its zoning. Located on a lot zoned NTM-1, the property allows for up to four dwellings, making it an excellent choice for investors seeking to develop multifamily units or for homeowners looking to maximize the property’s potential. This home is situated in a NON-FLOOD ZONE and offers peace of mind and lower insurance costs. The Allendale Terrace neighborhood is renowned for its historic charm, tree-lined streets, and close-knit community. Its location places you just minutes from downtown St. Petersburg, where you can enjoy vibrant dining, shopping, and entertainment. Commuters will appreciate the easy access to major highways, while outdoor enthusiasts will love being near Crescent Lake Park and Coffee Pot Bayou. Whether you choose to renovate this home into your dream space or take advantage of the zoning to create a multifamily investment, this property is full of opportunity. Schedule a showing today to explore all the possibilities this home and location has to offer!