For Sale
$1,100,000

471 9Th AveSt. Petersburg, FL 33701

Historic 5-unit apartment building, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This charming 1900 Craftsman-style apartment building, located at 471 9th Ave N in St. Petersburg, Florida's desirable Uptown neighborhood, presents a compelling investment opportunity. The property boasts 3,015 square feet of space, situated on a 5,500 square foot lot, and includes five one-bedroom, one-bathroom units. Unit 4 offers the potential for conversion into a two-bedroom unit. All units are well-maintained and currently rented, often with a waiting list. The building features hardwood floors, neutral interiors, an enclosed porch, screened porch, and open porch. Ample parking is available with six on-site spaces, supplemented by abundant street parking. A brand-new water heater has recently been installed. The property's current rents are below market value, providing significant potential for increased margins through rent increases and value-add improvements. Additional income streams could be generated by installing coin-operated laundry facilities. Financial documents and a neighborhood operating income (NOI) report are available upon request. The property's location in the historic Uptown district, near 4th Street, offers convenient access to the vibrant St. Petersburg and Tampa Bay area. This is a rare opportunity to acquire a well-located, income-producing multifamily property with substantial upside potential.

Highlights

  • Brand new listing.
  • Multifamily property in St. Petersburg's Uptown district.
  • Investment opportunity in the Tampa Bay metro area.
  • Located in the desirable St. Petersburg market.
  • Situated in the Uptown neighborhood.
  • 9th Avenue address, near 4th Street.

Property Details for 471 9Th Ave

Property type
Apartment buildings
Square Feet
3,015 SF
Year Built
1900
Units
5

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.7813928
Longitude
-82.6400101
471 9Th Ave, St. Petersburg, Florida

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471 9Th Ave
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