1668 28th Ave N - Multi-Family FOR SALE


Saint Petersburg, FL 33713- Highland Grove
$575,000 USD
812-327-0228
1668 28th Ave N, Saint Petersburg, FL for Sale
$575,000 USD
Multi-Family - FOR SALE
1/27
null | Request Cap Rate

1668 28th Ave N
Saint Petersburg, FL 33713
Highland Grove


HIGHLIGHTS

  • The real value lies in the zoning—designated Multi-Family (10 units or less), providing tremendous potential for future development or expansion.

OVERVIEW

The owner dropped the price by $25,000 and is giving a $10,000 bonus for closing costs to the buyer. Exceptional multi-family opportunity! This property features two detached structures situated on a single lot. The front house offers two bedrooms, one bathroom, and a dedicated office, while the second structure is a versatile two-story, one-bedroom house with a garage downstairs. Both residences have been thoughtfully renovated with new electrical, new HVAC systems, and updates that meet all 4-point inspection standards. Located in a non-flood zone and unaffected by recent hurricanes or flooding, this property ensures peace of mind for both investors and tenants. Currently leased with strong rental history, there’s still room to increase rents and maximize cash flow. The real value lies in the zoning—designated Multi-Family (10 units or less), providing tremendous potential for future development or expansion. Whether you’re seeking a turn-key income property or a long-term investment with development upside, this is an opportunity you won’t want to miss!

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

2

PRICE/UNIT

$287,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

12-31-16-69102-011-0100

ASK ABOUT THIS PROPERTY

Angela StoverWNS REALTY GROUP LLCMore Info
812-327-0228

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Angela StoverWNS REALTY GROUP LLCMore Info
812-327-0228

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