3430 19TH AVE S, ST PETERSBURG, FL, 33711
$11,400,000
Commercial Sale
Living Area
49,895 Sqft
Lot Size
85,074 Sqft
New 2025 construction 29-unit rental portfolio in South St. Petersburg, offered as a package or individually. Four properties within a 2 mile radius: 3430 19th Ave S (11 units, 6 buildings, built 2025), 3451 19th Ave S (9 units, 5 buildings, built 2025), 301 to 329 49th St S (5 units, 3 buildings, built 2021) and 1519 to 1529 22nd St S (4 units, 2 buildings, built 2021). 13 two story duplex buildings and 3 single family residences, all 3 bedroom plans; duplex units are 3 bed / 2.5 bath townhome style plans of approximately 1,604 SF with great room and kitchen down, 3 bedrooms up, in unit laundry connections, individual central air and off street parking. Concrete block construction with stucco (frame with stucco at 49th St S), shingle and tile roofs, impact-rated windows at the 19th Ave S properties. 100% leased; 22 of 29 units are under Housing Choice Voucher contracts with the St. Petersburg and Pinellas County housing authorities and roughly 63% of scheduled rent is paid directly by the authorities each month; 7 units lease at market rate. Scheduled rent $975,228 per year ($81,269 per month). Tenants pay electric and water (owner pays water at 22nd St S only); ownership carries taxes, insurance and lawn care. No deferred maintenance, no capital program. 19th Ave S pair is 1 block from 34th St S (US 19), 2 miles from the Historic Gas Plant District redevelopment and 3.5 miles from downtown St. Petersburg. Offering memorandum, rent rolls and housing assistance documentation available upon execution of a non disclosure agreement. Pricing: entire portfolio $11,400,000; 19th Ave S pair $7,800,000; 3430 19th Ave S $4,316,000; 3451 19th Ave S $3,484,000; 49th St S $2,200,000; 22nd St S $1,400,000. Do not disturb residents; no signage at the properties.
Property Details
Property Features Property Features
MLS ID: MFRO6448025 Year Built: 2025
Appliances: Dishwasher, Microwave, Refrigerator Building Features: Elevator – None, Fencing
Construction Materials: Block, Concrete, Stucco, Frame Cooling: Central Air
Country: US County Or Parish: Pinellas
Direction Faces: North Electric: 200+ Amp Service, Separate Meters
Flooring: Carpet, Ceramic Tile Foundation Details: Slab
Heating: Central, Electric, Heat Pump Levels: Two
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Commercial Financing, Trade
Lot Features: City Limits, Landscaped, Near Public Transit, Neighbourhood, Sidewalk, Street Lights, Paved Occupant Type: Tenant
Parking Features: Curb Parking, Ground Level, Over 30 Spaces Possession: Close Of Escrow
Property Condition: Completed Property Sub Type: Multi-Family 5+
Property Type: Commercial Sale Road Frontage Type: Alley, City Street, State Road
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt, Concrete
Roof: Shingle, Tile Security Features: Smoke Detector(s)
Sewer: Public Sewer Showing Requirements: 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
Vegetation: Trees/Landscaped Water Source: Public
Window Features: Double Pane Windows, Insulated Windows, Storm Window(s)
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