For Sale
$1,600,000

1701 16Th StSt. Petersburg, FL 33704

Prime St. Petersburg Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 8-unit apartment complex, known as Euclid Grove Flats, presents a compelling investment opportunity in St. Petersburg, Florida. Located at 1701 16th Street North, this property boasts 4,172 square feet of building space situated on an 8,684 square foot lot. The two-story, all-concrete structure features front porches and ample parking for tenants with 10 spaces available. Built in 1951, the property generates a Net Operating Income (NOI) of $85,000, with an asking price of $1,600,000 ($383.51 per square foot). Its strategic location on a well-lit intersection of a major north-south corridor provides excellent visibility and accessibility. The property enjoys proximity to key transportation arteries, including Interstate access within 3 minutes and US Highway 19 North within 6 minutes. Furthermore, its location offers convenient access to area beaches (13 minutes), downtown St. Petersburg (5 minutes), and Tampa (17 minutes). Detailed financial information is available upon request. This offering represents a rare opportunity to acquire a well-maintained multifamily property in a thriving market within the Tampa Bay metro area, specifically the Euclid neighborhood and Woodlawn Business District.

Highlights

  • Off-market 8-unit multifamily investment opportunity.
  • Located in the desirable Euclid neighborhood of St. Petersburg, within the Tampa Bay metro area and Woodlawn Business District.
  • Property features an all-concrete, two-story building with 4,172 square feet on an 8,684 square foot lot.
  • Offers 10 parking spaces and excellent visibility on a major thoroughfare.
  • 1701 16th Street North address.

Property Details for 1701 16Th St

Property type
Apartment buildings
Square Feet
4,172 SF
Year Built
1951
Units
8

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.7886112
Longitude
-82.6546317
1701 16Th St, St. Petersburg, Florida

FAQs

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1701 16Th St
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