1520 22nd Ave N - Apartments FOR SALE


Saint Petersburg, FL 33704- Uptown St Petersburg
$1,650,000 USD
727-748-7113
1520 22nd Ave N, Saint Petersburg, FL for Sale
$1,650,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1520 22nd Ave N
Saint Petersburg, FL 33704
Uptown St Petersburg


HIGHLIGHTS

  • Durable concrete block construction
  • 10 on-site parking spaces
  • On-site laundry facilities
  • Minutes from Downtown St. Petersburg
  • Quick access to Interstate 275
  • Value add opportunity

OVERVIEW

10 UNIT APARTMENT BUILDING IN ST. PETERSBURG FOR SALE: Excellent multifamily investment opportunity located along the busy corridor of 22nd Avenue North and 16th Street in St. Petersburg. This well-maintained property is 90% occupied and consists of ten total units, including two 2-bedroom/1-bath units and eight 1-bedroom/1-bath units. The building features block construction, ten on-site surface parking spaces, on-site laundry facilities, and a welcoming courtyard with picnic tables and a grilling area for tenant enjoyment. The property offers an attractive unit mix with convenient on-site amenities that appeal to long-term tenants. Ideally positioned with quick access to I-275 and just minutes from Downtown St. Petersburg, residents enjoy close proximity to shopping, restaurants, entertainment, and major employment centers. The central location provides excellent connectivity throughout St. Petersburg and the greater Tampa Bay area. Situated in a strong rental market with continued area growth and development, this property presents an excellent opportunity for investors seeking stable multifamily income in a highly desirable location. Value add opportunity.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

10

PRICE/UNIT

$165,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,528 SF

ZONING

NTM-1

APN/PARCEL ID

13-31-16-26226-003-0270

ASK ABOUT THIS PROPERTY

Jason SpitzerSmith & Associates Real Estate, Inc.More Info
727-748-7113

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Jason SpitzerSmith & Associates Real Estate, Inc.More Info
727-748-7113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.