471 9Th AveSt. Petersburg, FL 33701

  • Residential income properties
  • 3,015 SF
For Sale
$1,100,000 View listing

Property Details for 471 9Th Ave

Year built
1900
Property size (Sq ft)
3,015 SF
Property type
Residential income properties
Property subtype
Multifamily properties

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.

471 9Th Ave, St. Petersburg, Florida

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.7814
Longitude
-82.64

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