***INCOME OPPORTUNITY / MULTI-GENERATIONAL LIVING *** This 1925 Colonial is a beautifully preserved and modernized example of early St. Petersburg, located in the heart of Historic Old Northeast with close proximity to vibrant downtown and 4th street coffee shops and restaurants. The two-story home includes the primary dwelling in the front of the house and 4 studios in the back of the home. The large lot of 65'x130' SF allows for 6 off street parking spots with alley access and offers plenty of room to relax and unwind in the spacious backyard or in the 16’ x 32’ swimming pool with Tropical landscaping. The home was honored with a “Gold Star” restoration award in 2021, by HONNA, the Historic Old Northeast Neighborhood Association. Traditional craftsmanship includes architectural wood windows and doors, a grand staircase, high ceilings, plaster finishes, and stained woodworking. The main house of 1,500 sq ft includes a ground floor living room with a screened porch, dining, kitchen, laundry, and powder room and a staircase ascending to three 2nd floor bedrooms with a period-style main bath. In past history, the home was enlarged with the addition of four identical attached studio units in the rear, each with their own baths, kitchenettes, and independently controlled LG HVAC split system unit. A separate second-floor hallway provides interior access to 2 of the 4 attached studios. The lower-level studios are accessed through a separate rear-yard entry. A shared laundry is located in the first-floor studio hallway area and serves all four studios. This unique property offers any prospective buyer the opportunity for a variety of uses, such as a residential rental, large single-family home, home office, or art studio. Extensive upgrades to the structure and the landscape have been undertaken with a focus on the quality of workmanship with respect to period details. A detailed list of upgrades is available. A new rear entry has been designed by Roney Design Group. The current owner has intentionally deferred undertaking this work to provide a new buyer with maximum flexibility of design and use. The permit plans and documents for the new rear entry will be provided to the buyer. The home has been priced to reflect the value of this work that has yet to be performed. **Text Agents for Annual Income Revenue and Home Improvments*** Please DO NOT APPROACH THE PROPERTY as it is occupied by tenants. Schedule a private showing today and start living the "Florida Lifestyle" with an easy stroll to the waterfront and downtown!