Address: 324 7th Street S, Saint Petersburg, FL 33701
Description
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. Its 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. Anthonys Hospital (1.3 miles), Bayfront Health (0.5 miles), Johns Hopkins All Childrens 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 Floridas most sought after locations.
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. Its 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. Anthonys Hospital (1.3 miles), Bayfront Health (0.5 miles), Johns Hopkins All Childrens 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 Floridas most sought after locations.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Sidewalk
Flooring: Tile, Wood
Living Area: 2368.00
Roof: Shingle
School Information
High School: St. Petersburg High-PN
Middle School: John Hopkins Middle-PN
School Elementary: Campbell Park Elementary-PN
Garage and Parking
Garage Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Street Lights, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Net Operating Income: 0.00
Tax Year: 2023
Other Features
Appliances: Dishwasher, Disposal, Microwave, Range
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