Listing Courtesy of: Tyler Carpenter - CARPENTER REALTY GROUP
813-362-4586
$1,335,000
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1335 Dr Martin Luther King Jr Street N St Petersburg, FL 33701
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
3,802
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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This exceptional 6-unit mixed-use property in St. Petersburg’s coveted downtown 33701 zip code offers a rare combination of resilience, location, and income potential. With a prime location steps from Crescent Lake Park, just 1 mile from Central Avenue, and walking distance to Tropicana Field, this ...property is perfectly positioned to capitalize on the city's vibrant growth. Elevated 40+ feet above sea level, it sustained no interior hurricane damage and is zoned CRT-1, allowing flexible residential and commercial use. The owner most recently has operated it as a mid term rental, allowing 1-2 months stays. The property features a separately metered, detached block 2-car garage, providing an opportunity to expand the usable footprint or generate additional income. A studio unit on the third floor that offers breathtaking views of the St. Pete skyline and can be easily converted into a true 1-bedroom, 1-bathroom unit for additional added value. A new roof was installed in 2021, and the building currently utilizes central heating, with the potential to be upgraded to an efficient heat pump system for central air conditioning. Additionally, a property manager living next door is willing to remain on board for smooth operational continuity. Financially, the property is a proven performer, grossing over $125,000 last year, with detailed financial records available upon request. This is a rare opportunity to own a versatile and income-generating property in a highly desirable downtown location.
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MLS#
TB8337653
Property Type
Multi-Family
Year Built
1910
Square Feet
3,802
sq. ft
Sewer
Public Sewer
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