309 7th St S is a well-renovated 8-unit apartment community located in the heart of Downtown St. Petersburg, offering both strong in-place cash flow and value-add upside. Recent interior upgrades include stainless steel appliances, vinyl plank flooring, white shaker cabinets, modern fixtures, and tile backsplashes. With $100+ in average monthly rental upside, investors have room to further enhance returns through premium improvements such as adding in-unit laundry to the 1-bedrooms, installing minisplit HVAC systems, upgrading bathroom vanities, and enhancing curb appeal with smart locks and outdoor amenities like a grilling station. Ideally situated in the urban core, the property is walkable to the vibrant retail and dining options along Central Avenue and Beach Drive. It also sits in close proximity to several major employment and education centers, including Bayfront Health, Johns Hopkins All Children’s Hospital, and USF St. Pete—all within a half-mile radius. A neighboring parcel with similar lot size and zoning recently delivered 24 Class A units achieving $2,250/month for 1-bedrooms, showcasing the area’s rental potential. Just 1.9 miles from the $92 million St. Pete Pier and a short drive to St. Pete Beach—voted the #1 beach in the U.S.—309 7th St S offers a strategic and high-demand location with multiple avenues for growth.