$1,335,000 • living size area 2406 sqft
This exceptional 6-unit mixed-use property in st. petersburg’s coveted downtown 33701 zip code offers a rare combination of resilience, location, and income potential. with a prime location steps from crescent lake park, just 1 mile from central avenue, and walking distance to tropicana field, this property is perfectly positioned to capitalize on the city's vibrant growth. elevated 40+ feet above sea level, it sustained no interior hurricane damage and is zoned crt-1, allowing flexible residential and commercial use. the owner most recently has operated it as a mid term rental, allowing 1-2 months stays. the property features a separately metered, detached block 2-car garage, providing an opportunity to expand the usable footprint or generate additional income. a studio unit on the third floor that offers breathtaking views of the st. pete skyline and can be easily converted into a true 1-bedroom, 1-bathroom unit for additional added value. a new roof was installed in 2021, and the building currently utilizes central heating, with the potential to be upgraded to an efficient heat pump system for central air conditioning. additionally, a property manager living next door is willing to remain on board for smooth operational continuity. financially, the property is a proven performer, grossing over $125,000 last year, with detailed financial records available upon request. this is a rare opportunity to own a versatile and income-generating property in a highly desirable downtown location.1335 DR MARTIN LUTHER KING JR N, ST PETERSBURG, FL 33701
Multi Family - EAST VIEW ADD for Sale
1335 DR MARTIN LUTHER KING JR N, ST PETERSBURG, FL 33701Asking Price$1,335,000
- Living 2406sqft
- Lot size 6534sqft
- Taxes: Register to see
- Year Built 1910
-
Days on market:
48 day(s) Original Price:
$1,335,000-
Price per sqft:
$554.86 Tax Legal Description:
EAST VIEW ADDITION LOT 11Tax Year:
2024-
MLS:
TB8337653 -
Property Type:
Multi Family -
View:
City
Construction Type:
Wood FrameRoof:
ShingleCooling Description:
Central AirHeating Description:
CentralInterior Features:
OtherExterior Features:
SidewalkSpecial Listing Conditions:
None
Description
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