For Sale
$2,285,000

810 11Th StSt. Petersburg, FL 33705

14-unit apartment complex, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional multifamily investment opportunity presents a 14-unit apartment complex located at 810 11th St N, St. Petersburg, FL 33705, in the desirable Historic Uptown neighborhood. The property consists of six buildings, totaling 8,275 square feet across three separate parcels, and features a mix of studio, one-bedroom, and two-bedroom units. The unit breakdown includes four studios, seven one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and one two-bedroom/two-bathroom unit. Built between 1920 and 1935, this Class A property boasts 100% occupancy, generating a pro-forma net operating income (NOI) of $169,780. The asking price is $2,285,000, translating to $163,214 per unit and $276.13 per square foot. Amenities include a complex pool, on-site parking, and laundry facilities. This fee-simple ownership offers significant potential for value appreciation and increased rental income, making it an attractive investment in a thriving community with a rich history. The property is eligible for residential financing. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after location.

Highlights

  • $163,214 Average Price Per Unit
  • Historic Uptown Location, Three Parcels Eligible for Residential Financing
  • Swimming Pool, Off-Street Parking, Garages

Property Details for 810 11Th St

Property type
Apartment buildings
Square Feet
8,275 SF
Class
A
Year Built
1920
Buildings
6
Stories
2
Units
14

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.780634150347
Longitude
-82.64977349133
810 11Th St, St. Petersburg, Florida

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810 11Th St
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