240 20th Ave S the Old Southeast Quad represents a turnkey, income-producing asset in one of St. Petersburg’s most desirable and appreciating submarkets. The property benefits from long-term tenants paying market rents, immediately stabilizing cash flow for a new owner while minimizing lease-up risk. Its location places it within easy walking distance of Lassing Park’s waterfront green space and beach, just two miles from both Downtown St. Petersburg and Tropicana Field, and roughly a mile from USF St. Petersburg’s campus — positioning the asset to capture steady rental demand from students, young professionals, and downtown commuters alike. The surrounding area is also seeing significant near-term growth, with the adjacent Innovation District and four major nearby developments (including the 456-unit Coquina Key Plaza and 330-unit Lake Maggiore Apartments) pointing to continued economic momentum. For investors seeking a well- located, cash flowing multifamily asset with embedded upside from neighborhood appreciation, this Old Southeast Quad offers a compelling combination of current income and long-term growth potential.