We use technical and analytics cookies to ensure that we give you the best experience to our website
+1 646-431-8072
Gelfand Realty Miami Properties for Sale - Multi Family for Sale

1335 DR MARTIN LUTHER KING JR N, ST PETERSBURG, FL 33701

Back to Search

Multi Family - EAST VIEW ADD for Sale

1335 DR MARTIN LUTHER KING JR N, ST PETERSBURG, FL 33701

Asking Price$1,335,000

  • Days on market:

    48 day(s)
  • Original Price:

    $1,335,000
  • Price per sqft:

    $554.86
  • Tax Legal Description:

    EAST VIEW ADDITION LOT 11
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • View:

    City
  • Construction Type:

    Wood Frame
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Interior Features:

    Other
  • Exterior Features:

    Sidewalk
  • Special Listing Conditions:

    None

Description

$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.

Similar Properties in this Area

* MLS is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MLS All rights reserved. Courtesy of One Sotheby's International Realty