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Introducing a prime 4-unit multifamily property located in the heart of downtown St. Petersburg, offering exceptional investment potential and modern upgrades. This well-maintained property boasts an average monthly rental upside of $275 per unit, or approximately $13,000 annually, based on comparable properties in the market. Significant renovations have been completed in both 2022 and 2023, including stunning interior upgrades such as sleek stainless steel appliances, white shaker cabinets, new water heaters, and quartz countertops. The exterior has been meticulously enhanced with fresh sealant and painting, balcony repairs, fencing replacement, staircase repairs, and upgraded central AC units. With amenities that include select furnished units, an on-site laundry facility, private front porches, and a fenced-in lot, this property offers comfortable living in a vibrant location. Situated within walking distance to the best of downtown St. Petersburg, including upscale dining, retail destinations, and the scenic waterfront on Central Avenue and Beach Drive, this property is perfectly positioned. It's also just a 5-minute walk to the highly anticipated $6.5 billion Tropicana Field redevelopment project, which will transform the area with a new baseball stadium, 1.4 million square feet of office and medical space, retail and dining, hotels, and more. The property is ideally located near major employers such as St. Anthony's Hospital (1.3 miles), Bayfront Health (0.5 miles), Johns Hopkins All Children's Hospital (0.5 miles), Tropicana Field (0.3 miles), and the University of South Florida - St. Petersburg Campus (0.4 miles). Plus, with St. Pete Beach just 7.9 miles away, ranked as the #1 beach in the U.S. by TripAdvisor in 2021, this property offers both urban convenience and coastal relaxation. This is a rare opportunity to own a high-potential, renovated multifamily asset in one of Florida's most sought-after locations.
| DAYS ON MARKET | 2 | LAST UPDATED | 11/17/2024 |
|---|---|---|---|
| TRACT | REV MAP OF ST PETERSBURG | YEAR BUILT | 1920 |
| COMMUNITY | 33701 - St Pete | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Campbell Park Elementary-PN |
|---|---|
| Jr. High School | John Hopkins Middle-PN |
| High School | St. Petersburg High-PN |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Microwave, Range |
| AREA | 33701 - St Pete |
| BASEMENT | Crawl Space |
| HEAT | Central |
| INTERIOR | Open Floorplan |
| LOT | 2614 sq ft |
| LOT DIMENSIONS | 50x50 |
| SEWER | Public Sewer |
| SUBDIVISION | REV MAP OF ST PETERSBURG |
| TAXES | 11120.88 |
| UTILITIES | Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Bradley Goldfinger, COMPASS FLORIDA, LLC, 212-913-9058
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/17/24 5:22 PM PST.
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