Homes for sale - 1335 DR MARTIN LUTHER KING JR ST N, St Petersburg,...

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James Oxendine

jamessellsfl822@gmail.com +1(772) 418-7694

$ 1,335,000

Est. payment | -/mo

2,406 SqFt

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$ 1,335,000

Est. payment | -/mo

Save Virtual Tour

2,406 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,406 sqft

Price per Sqft $554

Subdivision East View Add

MLS Listing ID TB8337653

HOA Y/N No

Originating Board Stellar MLS

Year Built 1910

Annual Tax Amount $11,368

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 52x123

Property 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.

Location

State FL

County Pinellas

Community East View Add

Direction N

Interior

Interior Features Other

Heating Central

Cooling Central Air

Fireplace false

Laundry Other

Exterior

Exterior Feature Sidewalk

Garage Spaces 2.0

Utilities Available Cable Connected, Electricity Connected, Water Connected

View City

Roof Type Shingle

Attached Garage false

Garage true

Private Pool No

Building

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by CARPENTER REALTY GROUP

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(772) 418-7694

jamessellsfl822@gmail.com

1335 DR MARTIN LUTHER KING JR ST N St Petersburg, FL 33701