255 6th Avenue N, St Petersburg, FL 33701
- $1,200,000
- 3,234
- SqFt
- List Price
- $1,200,000
- Status
- Active
- Days on Market
- 34
- MLS#
- TB8522549
- Property Style
- Multi-Family 5+
- Year Built
- 1925
- Living Area
- 3,234
- Lot Size
- 3,494
- Acres
- 0.08
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Kinyons H H Add
- MLS Area Major
- St Pete
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.
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Additional Information
- Taxes
- $12134
- Annual Gross Income
- 94285
- Community Features
- No Deed Restriction
- Zoning
- MULTI-FAM
- Floor
- Laminate
- Appliances
- Dishwasher
- Utilities
- Public
- Heating
- Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Frame
- Roof
- Shingle
- Foundation
- Pillar/Post/Pier
- Pool
- No Pool
- Flood Zone Code
- x
- Parcel ID
- 18-31-17-46854-002-0101
- Legal Description
- KINYON'S, H.H. ADD BLK B, S 1/2 OF LOT 10
Listing courtesy of SUNSHINEAGLE LLC. 941-416-4580
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