255 6th Avenue N, St Petersburg, FL 33701
- $1,200,000
- 3,234
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- TB8522549
- Living Area
- 3,234
- Subdivision
- Kinyons H H Add
Property Description
One of Downtown St. Petersburg's rarest income opportunities — a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.
Additional Information
- Year Built
- 1925
- Construction
- Frame
- Living Area
- 3,234
- Acres
- 0.08
- Cooling
- Wall/Window Unit(s)
- Heating
- Ductless
- Sewer
- Public Sewer
- Stories
- 2
Listing courtesy of SUNSHINEAGLE LLC.
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