Conveniently located just minutes from vibrant Downtown St. Petersburg, waterfront parks, Gulf beaches, restaurants, shopping, hospitals, and entertainment, this unique property offers flexibility that's increasingly difficult to find. Whether you're looking for space for aging parents, welcoming an adult child back home, hosting long term guests, or simply looking for flexible living space, this property presents an opportunity to create a living arrangement that fits your lifestyle. The upper level features a comfortable 2-bedroom, 1-bath residence that is livable today, while the lower level offers a separate 1-bedroom, 1-bath living area with its own private entrance. The home is currently configured with two distinct living areas and could continue to serve that purpose, or a future owner may wish to explore reconfiguring it into a spacious single-family residence, subject to any required approvals. The lower-level experienced storm-related flooding during the 2024 hurricanes and was professionally remediated and gutted in preparation for reconstruction. An approved City of St. Petersburg Post Disaster Emergency Permit remains open, and the buyer will be responsible for completing the required work and final permit closeout. Post-remediation air-quality testing is available for buyer review. Recent improvements include new impact windows and hurricane shutters installed in 2025. The property also features two separate electric meters, one shared water meter, and a generous backyard with plenty of room for outdoor enjoyment or additional parking. Bring your vision and unlock the full potential of this versatile St. Petersburg property. Schedule your private showing today.