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Listed price in listed location currency (USD).
$1,335,000

Added 6 months ago

002406 sqft0
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2406 sqft
Garage Yes
Taxes $11,368
Days Active 179
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $554
MLS® Number TB8337653

Property Address: 1335 Dr Martin Luther King Jr St N, St Petersburg, Florida

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberTB8337653
Laundry LevelOther
Central VacNo
FireplaceNo
Acreage0.15
ExteriorSidewalk
GarageYes
Approx. Age1910
Basement
Driveway
Garage Spaces
HeatCentral
A/CCentral Air
Heating Fuel

Extras

1335 Dr Martin Luther King Jr St N, St Petersburg, FL

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