This exceptional four-unit apartment building presents a compelling value-add investment opportunity in the heart of downtown St. Petersburg, Florida. Located at 324 7th St S, 33701, this 2-story, 2,999 square foot building sits on a 0.06-acre lot and was built in 1920. Recent renovations (2022 & 2023) encompass both interior and exterior upgrades. Interior improvements include stainless steel appliances, white shaker cabinets, new water heaters, and sleek quartz countertops. Exterior enhancements feature a fresh coat of paint, repaired balconies, new fencing, upgraded central AC units, and attic repairs. The property boasts a significant rental upside potential of approximately $13,000 annually, based on current market trends, averaging $275 per unit per month. Amenities include select furnished units, on-site laundry, front porches, and a fenced lot. Its prime location offers unparalleled access to Central Avenue and Beach Drive's upscale dining and retail, and is within a five-minute walk of the $6.5 billion Tropicana Field redevelopment project. Proximity to major employers, including St. Anthony's Hospital, Bayfront Health Hospital, and the University of South Florida St. Petersburg campus, further enhances its appeal. The asking price for this turnkey property is $1,195,000.
Highlights
Prime 4-unit multifamily property in downtown St. Petersburg.
$275/month rental upside per unit ($1100/month total).
2022-2023 interior & exterior renovations; interior updates include stainless steel appliances, shaker cabinets, quartz countertops; exterior updates include painting, balcony & fence repairs, AC units, and attic repairs.
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Contacts
Cary Brown
Mark Savarese
Daniel Pinero
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324 7Th St, St. Petersburg, Florida, 33701
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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324 7Th St
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