Introducing a prime 4-unit multifamily property located in the heart of downtown St. Petersburg, offering exceptional investment potential and modern upgrades. This well-maintained property boasts an average monthly rental upside of $275 per unit, or approximately $13,000 annually, based on comparable properties in the market.
Significant renovations have been completed in both 2022 and 2023, including stunning interior upgrades such as sleek stainless steel appliances, white shaker cabinets, new water heaters, and quartz countertops. The exterior has been meticulously enhanced with fresh sealant and painting, balcony repairs, fencing replacement, staircase repairs, and upgraded central AC units.
With amenities that include select furnished units, an on-site laundry facility, private front porches, and a fenced-in lot, this property offers comfortable living in a vibrant location.
Situated within walking distance to the best of downtown St. Petersburg, including upscale dining, retail destinations, and the scenic waterfront on Central Avenue and Beach Drive, this property is perfectly positioned. It’s also just a 5-minute walk to the highly anticipated $6.5 billion Tropicana Field redevelopment project, which will transform the area with a new baseball stadium, 1.4 million square feet of office and medical space, retail and dining, hotels, and more.
The property is ideally located near major employers such as St. Anthony’s Hospital (1.3 miles), Bayfront Health (0.5 miles), Johns Hopkins All Children’s Hospital (0.5 miles), Tropicana Field (0.3 miles), and the University of South Florida – St. Petersburg Campus (0.4 miles). Plus, with St. Pete Beach just 7.9 miles away, ranked as the #1 beach in the U.S. by TripAdvisor in 2021, this property offers both urban convenience and coastal relaxation.
This is a rare opportunity to own a high-potential, renovated multifamily asset in one of Florida’s most sought-after locations.
Significant renovations have been completed in both 2022 and 2023, including stunning interior upgrades such as sleek stainless steel appliances, white shaker cabinets, new water heaters, and quartz countertops. The exterior has been meticulously enhanced with fresh sealant and painting, balcony repairs, fencing replacement, staircase repairs, and upgraded central AC units.
With amenities that include select furnished units, an on-site laundry facility, private front porches, and a fenced-in lot, this property offers comfortable living in a vibrant location.
Situated within walking distance to the best of downtown St. Petersburg, including upscale dining, retail destinations, and the scenic waterfront on Central Avenue and Beach Drive, this property is perfectly positioned. It’s also just a 5-minute walk to the highly anticipated $6.5 billion Tropicana Field redevelopment project, which will transform the area with a new baseball stadium, 1.4 million square feet of office and medical space, retail and dining, hotels, and more.
The property is ideally located near major employers such as St. Anthony’s Hospital (1.3 miles), Bayfront Health (0.5 miles), Johns Hopkins All Children’s Hospital (0.5 miles), Tropicana Field (0.3 miles), and the University of South Florida – St. Petersburg Campus (0.4 miles). Plus, with St. Pete Beach just 7.9 miles away, ranked as the #1 beach in the U.S. by TripAdvisor in 2021, this property offers both urban convenience and coastal relaxation.
This is a rare opportunity to own a high-potential, renovated multifamily asset in one of Florida’s most sought-after locations.
Property Details
Price:
$1,195,000
MLS #:
TB8322027
Status:
Active
Beds:
4
Baths:
4
Address:
324 7TH STREET S
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
REV MAP OF ST PETERSBURG
Neighborhood:
33701 – St Pete
City:
SAINT PETERSBURG
Listed Date:
Nov 17, 2024
State:
FL
Finished Sq Ft:
2,368
ZIP:
33701
Lot Size:
2,470 sqft / 0.06 acres (approx)
Year Built:
1920
Units:
4
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Elementary School:
Campbell Park Elementary-PN
Middle School:
John Hopkins Middle-PN
High School:
St. Petersburg High-PN
Interior
Appliances
Dishwasher, Disposal, Microwave, Range
Cooling
Central Air
Flooring
Tile, Hardwood
Heating
Central
Laundry Features
Laundry Room
Exterior
Construction Materials
Wood Frame ( F S C Certified)
Exterior Features
Sidewalk
Roof
Shingle
Financial
Tax Year
2023
Taxes
$11,121
Map
Community
- Address324 7TH STREET S SAINT PETERSBURG FL
- SubdivisionREV MAP OF ST PETERSBURG
- CitySAINT PETERSBURG
- CountyPinellas
- Zip Code33701
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Courtesy of COMPASS FLORIDA, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 324 7TH STREET S
SAINT PETERSBURG, FL
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