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644 3rd Avenue S, Saint Petersburg, FL

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644 3rd Avenue S

Saint Petersburg, FL 33701-4121 - Downtown St Petersburg MF Submarket

Property Type:Multi-Family Number of Units:18 Status:Existing Year Built:1921
Stories:3 Building Size:11,583 SF Land Area:.46 AC (20,038 SF)
For Sale Price:For Sale Price/Unit:- Cap Rate:- GRM:-

Portfolio:This property is for sale as part of a portfolio of 2 properties.
Parking:.86 Parking Spaces / 1,000 SF

Property Description: Multi Family - 18 Units

Sale Notes:
Located in DC-2 Zoning, site consists of two contiguous parcels for a total of 0.46 +/- acres. The current structure is comprised of 18 class C multifamily units ranging is size. Total building size is +/- 11,000sf. Owner reported data show a near complete occupancy. Rents in-line with market expectations and turnover with capital improvements as necessary. Unit mix is comprised of mainly studios and one bedrooms, which inherently demand higher $/sf rent.

KW Commercial
Jake Wollman
(813) 875-3700

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