$1,200,000
255 6TH AVE N, ST PETERSBURG, FL 33701
ActiveProperty details
About this home
One of Downtown St. Petersburg's rarest income opportunities — a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.
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Listings courtesy of Stellar MLS as distributed by MLS GRID. MLS #MFR794391070. Listing brokerage: SUNSHINEAGLE LLC. Status: Active.
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