6538 42Nd Ave N Kenneth City, FL 33709
Fully renovated eight-unit property with immediate cash flow.
Property size:
5,028 SFLot size:
0.38 AcresProperty Features for 6538 42Nd Ave N
General Information
- Standard status
- Active
- Size
- 5,028 SF
- Lot size
- 0.38 Acres
Building Details
- Year built
- 1958
Source:
Corcoran
Listing Agency: DALTON WADE INC Listing Agent: Bailey Bjugan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
St. Petersburg Multifamily Investment Opportunity
This fully renovated eight-unit commercial property in St. Petersburg, Florida, presents a multifamily investment opportunity with immediate cash flow and a proven rental history. The asset comprises eight two-bedroom, one-bathroom units housed within four separate buildings, accompanied by a private on-site parking lot. The property is fully leased and has undergone comprehensive updates, positioning it as a turnkey addition to any investment portfolio. Major capital improvements have been completed, reducing future maintenance. Updates include new roofs on all buildings, updated windows, individual HVAC systems, added insulation for improved energy efficiency and pest prevention, and in-unit washers and dryers throughout. Exterior improvements enhance long-term value and tenant appeal, featuring upgraded landscaping, new fencing, fresh exterior paint, and a dedicated bike rack for residents. Each unit has been thoughtfully renovated with consistency and quality. Kitchens showcase shaker-style cabinetry, granite countertops, and stainless steel refrigerators and stoves. Bathrooms have been fully updated with modern tilework, vanities, fixtures, and hardware. Additional interior upgrades include new baseboards and crown molding across all units. Located outside of a flood zone, this asset offers additional peace of mind for long-term ownership. Its central St. Petersburg location provides easy access to schools, shopping, dining, entertainment, public transportation, and major thoroughfares, further supporting strong tenant demand. The property size is 5028 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Kenneth City
- County
- Pinellas
- State
- Florida
- Longitude
- -82.727648
- Latitude
- 27.8097805
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FAQs
What type of property is this?
Apartment building - Fully renovated eight-unit property with immediate cash flow.
Where is this apartment building located?
The property is located at 6538 42Nd Ave N Kenneth City, FL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: - Fully renovated eight-unit multifamily property in St. Petersburg, Florida, providing immediate cash flow and proven rental history.; - All units are spacious two-bedroom, one-bathroom layouts, fully leased and turnkey.; - Major capital improvements completed, including new roofs, updated windows, individual HVAC systems, added insulation, and in-unit washers and dryers.
