324 7Th St St. Petersburg, FL 33701
- Commercial real estate
- 2,999 SF
- 0.06 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 324 7Th St
- Year built
- 1920
- Lot size
- 0.06 lot acres
- Property size
- 2,999 SF
- Property type
- Commercial real estate
Description
This exceptional four-unit apartment building presents a compelling value-add investment opportunity in the heart of downtown St. Petersburg, Florida. Located at 324 7th St S, 33701, this 2-story, 2,999 square foot building sits on a 0.06-acre lot and was built in 1920. Recent renovations (2022 & 2023) encompass both interior and exterior upgrades. Interior improvements include stainless steel appliances, white shaker cabinets, new water heaters, and sleek quartz countertops. Exterior enhancements feature a fresh coat of paint, repaired balconies, new fencing, upgraded central AC units, and attic repairs. The property boasts a significant rental upside potential of approximately $13,000 annually, based on current market trends, averaging $275 per unit per month. Amenities include select furnished units, on-site laundry, front porches, and a fenced lot. Its prime location offers unparalleled access to Central Avenue and Beach Drive's upscale dining and retail, and is within a five-minute walk of the $6.5 billion Tropicana Field redevelopment project. Proximity to major employers, including St. Anthony's Hospital, Bayfront Health Hospital, and the University of South Florida St. Petersburg campus, further enhances its appeal. The asking price for this turnkey property is $1,195,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.64315051524
- Latitude
- 27.7678136031
