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Alexis Hummel

alexis.hummel@exprealty.com +1(732) 814-6222

$ 1,200,000

Est. payment -/mo

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255 6TH AVE N St Petersburg, FL 33701

3,234 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 3,234 sqft

Price per Sqft $371

Subdivision Kinyons H H Add

MLS Listing ID TB8522549

HOA Y/N No

Year Built 1925

Annual Tax Amount $12,134

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 55x64

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

One of Downtown St. Petersburg's rarest income opportunities — a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.

Location

State FL

County Pinellas

Community Kinyons H H Add

Area 33701 - St Pete

Zoning MULTI-FAM

Direction N

Interior

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Laminate

Appliance Dishwasher

Exterior

Utilities Available Public

View Y/N No

Water Access No

Roof Type Shingle

Building

Story 2

Foundation Pillar/Post/Pier

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8522549

Listed by Dave Masi SUNSHINEAGLE LLC

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Alexis Hummel

+1(732) 814-6222

alexis.hummel@exprealty.com

Alexis Hummel

255 6TH AVE N St Petersburg, FL 33701

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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