240 20Th Ave St. Petersburg, FL 33705

Property Details for 240 20Th Ave

Year built

1939

Lot size

0.15 lot acres

Property size

2,424 SF

Property type

Commercial real estate

APN

30-31-17-77184-009-0140

Description

This stabilized multifamily investment property, located at 240 20th Ave S in St. Petersburg, Florida, offers a compelling opportunity. The property consists of two buildings on a 0.15-acre lot, totaling 2,424 square feet, with 1,623 square feet of net rentable space. The property features four units: two one-bedroom, one-bathroom units and two studio units. Each unit is meticulously maintained, showcasing a blend of refurbished hardwood floors and tile. Ample storage space and parking are available, along with convenient street and alley access. The front building's roof was replaced in 2023, and plumbing has been consistently maintained and updated as needed. All units are currently 100% occupied by long-term tenants paying market rates, minimizing vacancy concerns and maximizing return on investment. The property benefits from its prime location in the desirable Old Southeast neighborhood, a quiet, upscale area just south of downtown St. Petersburg. Residents enjoy easy walking access to Lassing Park, a waterfront public park and beach. The property's proximity to the USF St. Pete Campus, Tropicana Field, and the burgeoning Innovation District further enhances its long-term appreciation potential. The property is offered fee simple at $910,000, representing a price per unit of $227,500 and a price per square foot of $375.41. This turnkey investment requires minimal maintenance, making it an attractive option for investors seeking a stable and appreciating asset in a thriving St. Petersburg neighborhood. The property's PIN is 30-31-17-77184-009-0140.

Location Insight

City

St. Petersburg

County

Pinellas

State

Florida

Longitude

-82.636414

Latitude

27.7504028