This 8-unit apartment building, located in St. Petersburg's Historic Uptown neighborhood, presents a compelling investment opportunity. The property boasts 4,800 square feet of net rentable space, spread across two, two-story buildings, and features eight units: three 2-bedroom/1-bathroom apartments (approx. 700 sq ft each), two 2-bedroom/1-bathroom apartments (approx. 600 sq ft each), two 1-bedroom/1-bathroom apartments, and one studio apartment. A recent 2021 renovation included updated kitchens and bathrooms, refinished hardwood floors, and the installation of tankless water heaters. The property benefits from a 100% occupancy rate, generating a current NOI of $95,928 and a pro-forma NOI of $116,859, representing a 6.19% cap rate and a pro-forma cap rate of 7.54%, respectively. Additional income is generated from an on-site coin-operated laundry facility. The property includes off-street parking and three garages, offering potential for increased revenue. Situated within walking distance of downtown St. Petersburg, the property enjoys proximity to numerous restaurants, bars, museums, and entertainment venues, including Tropicana Field, the Salvador Dali Museum, and Central Avenue. The property's location in a rapidly growing city, coupled with its strong financial performance and recent renovations, makes it an attractive investment. The asking price is $1,550,000, or $193,750 per unit. Built in 1925, the property features a pitched shingle roof estimated to be approximately 10 years old. Landlord pays for gas for tankless water heaters (approx. $100/month), water, sewer, and trash (approx. $500/month), and electricity for two smaller units (approx. $110/month). The property is offered fee simple. The property's address is 819 6th St N, St. Petersburg, FL 33701, APN 18-31-17-77814-003-0080.
Highlights
$1,550,000 asking price for an 8-unit apartment building in St. Petersburg, FL.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Dustin West
James Vestal
Visit Broker Website
Learn more
Useful Information
Request information
819 6Th St, St. Petersburg, Florida, 33701
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
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.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
819 6Th St
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.