Property Description

SELLERS MOTIVATED-HOME WARRANTIES OFFERED ON EXSISTING UNITS-NO FLOOD ZONE | CASH-FLOWING MULTIFAMILY | ALL UNITS OCCUPIED | DEVELOPMENT APPROVED - Incredible MULTIFAMILY INVESTMENT OPPORTUNITY IN ST. PETERSBURG, FL spanning APPROXIMATELY 3.5 CORNER LOTS and including FOUR RENOVATED INCOME-PRODUCING UNITS ACROSS THREE STRUCTURES, plus a SEPARATE DEVELOPMENT PARCEL allowing investors to COLLECT RENT WHILE YOU BUILD; existing occupied units include 2728 14TH AVE S (3-BEDROOM / 2-BATH SINGLE-FAMILY HOME), 2722 14TH AVE S (2-BEDROOM / 2-BATH SINGLE-FAMILY HOME), and 2722 14TH AVE S UNITS A & B (TWO REMODELED STUDIO APARTMENTS), all FULLY RENOVATED IN 2022 WITH NEW ROOFS, UPDATED KITCHENS, FLOORING, DOORS, TRIM, AND PAINT, plus NEW LANDSCAPING IN 2025, while the additional parcel at 1416 28TH AVE S consists of a FORMER 5-UNIT BUILDING DEMOLISHED WITH PERMITS (INCLUDING ASBESTOS REMOVAL) and the entire property has been REZONED AND APPROVED FOR UP TO 13 TOTAL UNITS, creating a RARE VALUE-ADD AND DEVELOPMENT OPPORTUNITY in a HIGH-DEMAND RENTAL AREA just MINUTES FROM CENTRAL AVENUE, DOWNTOWN ST. PETE, THE WAREHOUSE ARTS DISTRICT, THE TROPICANA FIELD REDEVELOPMENT AREA, I-275, AND GULF BEACHES, surrounded by NEW CONSTRUCTION AND THRIVING LOCAL BUSINESSES, offering IMMEDIATE CASH FLOW, STRONG UPSIDE, AND LONG-TERM APPRECIATION POTENTIAL.

Property Features