Property Description
One of Downtown St. Petersburg's rarest income opportunities - a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: SUNSHINEAGLE LLC
Agency Contact: 941-416-4580
Shown By
Agent Name: Hannah Windsor
Agent Phone: (904) 534-6790
Agency Title: Watson Realty Corp., REALTORS ®
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255 6th Avenue N | MLS# TB8522549
This commercial property located at 255 6th Avenue N, Saint Petersburg, FL 33701 is currently listed for sale with an asking price of $1,200,000. Search Saint Petersburg real estate on www.myhouseofwindsor.com today.