471 9Th AveSt. Petersburg, FL 33701

Property Details for 471 9Th Ave

Year built

1900

Property size (Sq ft)

3,015 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

St. Petersburg

County

Pinellas

State

Florida

Latitude

27.7814

Longitude

-82.64

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