1615 28th Avenue N, St Petersburg, FL 33713

Property Description

Back on market due to buyer financing issue - OFFERED BELOW RECENT APPRAISAL — Meticulously renovated from top to bottom, this multi-unit gem in the heart of St. Pete is truly turn-key. Every inch has been thoughtfully upgraded — from new roofs, windows, plumbing, and electrical to all-new modern finishes, and landscaping. TOO MANY IMPROVEMENTS TO LIST — ASK FOR THE FULL SCOPE OF WORK AND PERMITS, ALL CLOSED. Set on a wide corner lot along St. Pete’s iconic red brick roads, this fully stabilized compound includes four 1-bed, 1-bath residences — each with a flexible bonus room perfect for an office or guest space — and a detached garage-turned-lounge or optional on-site manager’s suite. Zoned for 30-day minimum rentals but ideal for long-term tenants, every unit is separately metered and fully furnished with kitchenware, linens, and décor, making it truly plug-and-play. Extensive improvements include new roofs on all 5 structures (2022), new vinyl siding, impact-rated windows and doors, updated HVAC systems, new electrical panels and wiring, new plumbing supply and drain lines, and energy-efficient water heaters. Interiors feature quartz countertops, modern cabinetry, luxury vinyl plank flooring, updated fixtures, and recessed lighting. The property also includes a standalone commercial-grade laundry building with brand-new coin-operated appliances, providing added convenience and additional income potential. The central courtyard is a showstopper — with café string lighting, tropical landscaping, and curated gathering areas that create a boutique hotel-style atmosphere. Select units even feature custom murals that add charm and a touch of art-forward identity. Located just minutes to Crescent Lake, downtown St. Petersburg, The Pier, Tropicana Field, Gulf beaches, and I-275 — and only 20 minutes from Tampa International — this is a rare chance to own a cash-flow-ready, personality-driven investment in a high-demand rental corridor.