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944 15Th Ave S St Petersburg, FL 33705

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For Sale
Pending
$895,000

Five-unit property near downtown St. Pete with development potential.

Lot size:
0.16 Acres

Property Features for 944 15Th Ave S

General Information

Property type
Commercial
Standard status
Pending
Lot size
0.16 Acres

Building Details

Year built
1925

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Listing Contact
Shawna Opdycke
Source: Elliman

Listing Agency: KELLER WILLIAMS SOUTH TAMPA Listing Agent: Shawna Opdycke

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

St. Petersburg Multifamily Investment Opportunity

This five-unit multifamily investment property is located minutes from downtown St. Pete and Tropicana Field. Situated in an area undergoing development in St. Petersburg, the property is zoned for up to nine units. Each unit is separately metered for electric and water. The property has undergone numerous recent updates, including waterproof flooring in all units, updates to plumbing and electrical systems, interior and exterior paint, cabinets, and A/C units. Renovations are currently underway. New roofs were installed on all buildings in 2022, and foundation stabilization has been completed for all three buildings with a lifetime warranty. The property is located within blocks of Midtown Academy, the local library, and the area Community Center. A common utility room is available, previously housing an on-site washer and dryer, which could provide additional revenue. Section 8 inspections have previously passed on all units, and Section 8 rates provide a strong CAP Rate for this investment property.
Location Intelligence

Current Use by Public Records

Agape House TLF ... Rehabilitation Center

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
St Petersburg
County
Pinellas
State
Florida
Longitude
-82.6477521
Latitude
27.7550266

FAQs

What type of property is this?
Apartment building - Five-unit property near downtown St. Pete with development potential.
Where is this apartment building located?
The property is located at 944 15Th Ave S St Petersburg, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: - Rare 5-unit multi-family investment property minutes from Downtown St. Pete and Tropicana Field.; - Zoned for up to 9 units, offering significant future development potential.; - New roofs on all buildings (2022) and foundation stabilization with Lifetime Warranty.
More about this property
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