3527 1st Ave S, St Petersburg, FL 33701

This 12-bedroom multifamily is set up for short-term stays and already operates as a productive residential income property. Ten rooms have private full baths within the unit, while the remaining two share a bath just steps away. Common areas include a shared kitchen and a living room for residents, plus an on-site laundry room for day-to-day convenience. Three independent AC systems support comfortable occupancy, and an on-site parking lot accommodates daily tenant activity.

The property is located a block from 34th Street and Central Avenue in St. Petersburg, positioned in the middle of a high-traffic corridor. The building sits within a commercial shell that allows for capacity beyond the residential use alone. Public remarks indicate it began as a medical clinic and that the original layout remains intact, supported by the building’s commercial structure with residential use.

For operators seeking a turnkey model with an existing clinic-to-residential configuration, the unit mix is designed to separate private rooms with en-suite bathing options and shared communal spaces. Reported performance details include weekly rental revenue through PadSplit, with annual gross revenue for 2025 and occupancy around 90% per the information provided. The tenant stay period is described as ranging from two months to two years, supported by the property’s on-site amenities and independent climate control.