1701 16th S St Saint Petersburg, FL 33705-2531

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.