425 2Nd St St. Petersburg, FL 33701

This exceptional 22-unit apartment building, constructed in 1957, presents a compelling investment opportunity in the heart of St. Petersburg, Florida. Situated on a 0.22-acre lot zoned DC-2, the property boasts a highly stable tenant base with only 3 of the 22 leases expiring in 2024 and 9 extending through 2026, ensuring consistent occupancy and predictable cash flow. Recent renovations minimize future capital expenditures. The property generates attractive supplemental income streams from off-street parking, laundry facilities, storage units, electric vehicle charging stations, and utility/internet reimbursements. Its prime location is within one mile of the transformative $6.5 billion Tropicana Field redevelopment project, promising significant future growth and increased demand. Enjoy the benefits of a spacious courtyard with garden, grill stations, and the property's proximity to popular attractions like The Pier and St. Pete Beach, recently voted the #1 beach in the U.S. This asset is located in Pinellas County's fastest-growing submarket, adjacent to the Sundial redevelopment and a burgeoning corporate relocation hub, further enhanced by Footlocker's recent headquarters move. St. Petersburg's impressive 15% job growth over the past five years underscores its thriving business and leisure environment. This is a rare chance to acquire a stabilized property in a high-growth area with significant upside potential. The address is 425 2nd St N, St. Petersburg, FL 33701.