$2,100,000
$400K PRICE DROP

Estimated payment $13,176/month

Total Views 6,478
2 Beds
10 Baths
3,450 Sq Ft
$609 Price per Sq Ft

Highlights

  • Property is near a marina
  • City View
  • Corner Lot
  • St. Petersburg High School Rated A
  • Property is near public transit
  • No HOA

About This Home

EXCELLENT OPPORTUNITY to acquire 10 UNITS in the heart of upscale and in-demand OLD NORTHEAST!! Positioned on an OVER-SIZED CORNER LOT just blocks north of booming Downtown St Petersburg and blocks off Beach Drive and gorgeous waterfront North Shore Park, this property benefits from extreme walkability while surrounded by classic Florida charm. Comprising 8 studios and 2 One-Bedroom apartments - ideal unit sizes for our strong rental market - the property features 11 OFF-STREET PARKING spaces and ON-SITE LAUNDRY, both of which are features that appeal to the target market for tenancy. Previously licensed for transient use and with fully FURNISHED UNITS accordingly, this property is well positioned for a variety of strategies.

With NO FLOOD ZONE, largely updated units separately metered for electric, a fresh paint job and a solid roof with no storm damage, this property is a Turn-Key investment in a HIGH-DEMAND location ideal for any Investor on the spectrum, from new to experienced, and may have significant REDEVELOPMENT POTENTIAL to others thanks to possible density grandfathering; clearly a rare opportunity in a top-tier location just steps away from the ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS of ST PETE! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. Don't wait - invest now in the future of St Pete!!! Pre-Contract Showings available when there are vacancies, walk-arounds welcome when there are not - contact today to schedule.

Listing Agent

Adam Yore

RE/MAX PREFERRED Brokerage Phone: 727-367-3636 License #3389212 Listed on: 02/01/2025

RE/MAX PREFERRED

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,540

Year Built

  • Built in 1955

Lot Details

  • 8,830 Sq Ft Lot
  • Lot Dimensions are 70x127
  • Corner Lot

Property Views

  • City
  • Garden

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 3,450 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Range

Flooring

  • Terrazzo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Carport Spaces
  • Off-Street Parking

Outdoor Features

  • Property is near a marina
  • Shed

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / 2
  • Assessor Parcel Number 17-31-17-04842-002-0060

Community Details

Overview

  • No Home Owners Association
  • 4,727 Sq Ft Building
  • Bay Shore Rev Subdivision

Additional Features

  • Laundry Facilities
  • Gross Income $177,564

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,540

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 3450
  • Lot Size Acres: 0.2
  • New Construction: No
  • Year Built: 1955
  • Building Area Total: 4727
  • Lot Size Sq Ft: 8830
  • Tenant Pays: Electricity
  • Directions to Property: Beach Drive to 9th Ave NE to Address
  • Status: Active
  • Street Post Direction: NE
  • Ownership: Fee Simple
  • Escrow City: St Petersburg
  • Escrow Postal Code: 33705
  • Escrow State: FL
  • Escrow Street Name: Central Ave
  • Escrow Street Number: 1229
  • List Office Head Office Key Nume: 1048010
  • RATIO Current Price By Calculate: 608.70
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 727-367-3636
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Terrazzo
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Dryer, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 206
  • Living Area Meters: 320.52

Exterior Features

  • Other Structures: Other, Shed(s)
  • Exterior Features: Other, Sidewalk
  • Roof: Other
  • Pool Private: No
  • View: City, Garden
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 4
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered, Off Street

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Ductless
  • Laundry Features: Common Area, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Parcel Number: 17-31-17-04842-002-0060
  • Additional Parcels: No
  • Lot Features: Corner Lot, City Limits, In County, Near Marina, Near Public Transit
  • Lot Dimensions: 70x127
  • Flood Zone Code: X
  • Lot Size Square Meters: 820

Green Features

  • Green Verification Count: 0

Multi Family

  • Gross Income: 177564
  • Number Of Units Total: 10
  • Total Num Buildings: 1
  • Unit Count: 10
  • Est Annual Market Income: 268884.00

Tax Info

  • Tax Annual Amount: 18539.84
  • Tax Block: 2
  • Tax Book Number: H3-41
  • Tax Lot: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2025 07/05/25 For Sale $2,100,000 0.0% $609 / Sq Ft
06/30/2025 06/30/25 Off Market $2,100,000 -- --
06/06/2025 06/06/25 Price Changed $2,100,000 -2.3% $609 / Sq Ft
05/01/2025 05/01/25 Price Changed $2,150,000 -2.3% $623 / Sq Ft
04/17/2025 04/17/25 Price Changed $2,200,000 -4.3% $638 / Sq Ft
04/16/2025 04/16/25 For Sale $2,300,000 0.0% $667 / Sq Ft
04/09/2025 04/09/25 Pending -- -- --
03/22/2025 03/22/25 Price Changed $2,300,000 -2.1% $667 / Sq Ft
03/15/2025 03/15/25 Price Changed $2,350,000 -2.1% $681 / Sq Ft
03/07/2025 03/07/25 Price Changed $2,400,000 -4.0% $696 / Sq Ft
02/01/2025 02/01/25 For Sale $2,500,000 -- $725 / Sq Ft
Source: Stellar MLS

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