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    1701 16Th St St. Petersburg, FL 33704

    For Sale
    $1,600,000

    Prime St. Petersburg Multifamily Investment

    Property size:
    4,172 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8-unit apartment complex, known as Euclid Grove Flats, presents a compelling investment opportunity in St. Petersburg, Florida. Located at 1701 16th Street North, this property boasts 4,172 square feet of building space situated on an 8,684 square foot lot. The two-story, all-concrete structure features front porches and ample parking for tenants with 10 spaces available. Built in 1951, the property generates a Net Operating Income (NOI) of $85,000, with an asking price of $1,600,000 ($383.51 per square foot). Its strategic location on a well-lit intersection of a major north-south corridor provides excellent visibility and accessibility. The property enjoys proximity to key transportation arteries, including Interstate access within 3 minutes and US Highway 19 North within 6 minutes. Furthermore, its location offers convenient access to area beaches (13 minutes), downtown St. Petersburg (5 minutes), and Tampa (17 minutes). Detailed financial information is available upon request. This offering represents a rare opportunity to acquire a well-maintained multifamily property in a thriving market within the Tampa Bay metro area, specifically the Euclid neighborhood and Woodlawn Business District.

    Property Features for 1701 16Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,172 SF

    Building Details

    Year Built
    1951
    Units
    8

    HighLights

    • Off‑market 8‑unit multifamily investment opportunity.
    • Located in the desirable Euclid neighborhood of St. Petersburg, within the Tampa Bay metro area and Woodlawn Business District.
    • Property features an all‑concrete, two‑story building with 4,172 square feet on an 8,684 square foot lot.
    • Offers 10 parking spaces and excellent visibility on a major thoroughfare.
    • 1701 16th Street North address.
    Property Profile Location Intelligence

    Current Use by Public Records

    727 Seafood & Grill Seafood Restaurant Popbellies Barbecue Restaurant Red's Snak Shak Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6546317
    Latitude
    27.7886112

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    FAQs

    What type of property is this?
    Multifamily property - Prime St. Petersburg Multifamily Investment
    Where is this multifamily property located?
    The property is located at 1701 16Th St St. Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Off-market 8-unit multifamily investment opportunity.; Located in the desirable Euclid neighborhood of St. Petersburg, within the Tampa Bay metro area and Woodlawn Business District.; Property features an all-concrete, two-story building with 4,172 square feet on an 8,684 square foot lot.
    Request Owner's contact information
    1701 16Th St St. Petersburg, FL 33704
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    St. Petersburg, FL 33704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1701 16Th St St. Petersburg, FL 33704
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