SQUARE FEET3,345
MLS#TB8522549
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONKINYONS H H
Property Description
One of Downtown St. Petersburg's rarest offerings - a historic 1925 six-unit apartment building situated steps from Historic Old Northeast in Flood Zone X. The two-story wood-frame building features 5 one-bedroom/one-bath units plus an efficiency, individually metered electric, and a 2021 roof replacement already complete. Current rents are significantly below the appraiser's concluded value and represent significant income upside with rent stabilization in gross annual potential. Grandfathered 6-unit use under NT-2 zoning protects the income-producing asset in a neighborhood where comparable new supply simply cannot be built. Value-add investors will appreciate the vacancy/rent-up story, the density efficiency, and a location that commands premium tenants with minimal concessions. A genuine value-add play in a submarket that rarely offers one. Dont miss out on the investment opportunity. Contact the listing agent for a duel portfolio marketing plan for this and 247 6th ave n.
Property Features
Property Type: Commercial - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.08 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $12,134
Year Built: 1925
Feature Descriptions
Appliances: Dishwasher
Building: Bathrooms, Dumpsters, Fencing
Days on Site: 1
Directions: From Downtown St. Petersburg, head north on 1st Street N approximately 0.9 miles. Turn left onto 6th Avenue N. Property is on the left, adjacent to 247 6th Ave N. Sign on site.
Exterior: Frame
Flood Zone Code: x
Flooring: Laminate
Foundation: Pillar/Post/Pier
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot Dimensions: 0.08
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Leases
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Before Showing, Call Listing Agent, Do Not Contact Tenants, No Lockbox
Special Sale Provisions: None
Units: 6
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: MULTI-FAM
Listed By / Shown By
Listed By
Agency Name: SUNSHINEAGLE LLC
Agency Contact: 941-416-4580
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
255 6th Avenue N | MLS# TB8522549
This commercial property located at 255 6th Avenue N, Saint Petersburg, FL 33701 is currently listed for sale with an asking price of $1,200,000. Search Saint Petersburg real estate on www.realtymark.net today.