503 & 509 69TH AVE, ST PETE BEACH, FL, 33706
$800,000
Residential Income
Bedrooms
4
Bathrooms
5
Living Area
2,094 Sqft
Lot Size
15,000 Sqft
Income-Producing Properties Offered as Part of a (3-Lot) St. Pete Beach Portfolio. This price does NOT include the vacant lot. Pricing on the 2 income properties creates an 8% CAP rate. These 2 income-producing lots are being sold together as part of a larger 3 -property portfolio, which also includes an additional vacant lot—creating a rare and strategic redevelopment opportunity in the heart of St. Pete Beach. (Note: a 10-unit 2 lot opportunity can also create a larger portfolio - call for details). Spanning CC-2 Commercial Corridor and UBV Urban Beach Village zoning, the portfolio offers exceptional flexibility for redevelopment, including short-term rentable townhomes, boutique lodging, or mixed-use concepts. The existing duplexes have consistently generated income, allowing buyers to benefit from cash flow while planning future development. This package represents one of the lowest price-per-square-foot income-producing opportunities currently available in St. Pete Beach (excluding the vacant lot), making it a compelling option for investors focused on equity growth and long-term upside. Portfolio Highlights: **3 total lots (over 15,000 sq. ft. of land) **5 existing rental units plus 1 vacant lot **Proven rental history with established tenants **Zoning that supports vacation rentals and redevelopment **Prime location near beaches, dining, and entertainment **Owner willing to offer up to 50% seller financing Whether your goal is to hold for cash flow, reposition and redevelop, or secure a rare multi-lot footprint in one of Florida’s strongest beach rental markets, this portfolio delivers unmatched flexibility and value. Opportunities of this scale and zoning diversity in St. Pete Beach are increasingly rare. Inquire today for details and to explore the full potential of this three-property offering or a five-property (15 rentals & vacant lot) offering.
Property Details
Property Features Property Features
MLS ID: MFRTB8337608 Year Built: 1941
Community Features: Pool, Street Lights Construction Materials: Block, Frame
Cooling: Wall/Window Unit(s) Country: US
County Or Parish: Pinellas Exterior Features: Other
Financial Data Source: Owner Flooring: Carpet
Foundation Details: Slab Heating: Electric, Ductless
Laundry Features: None Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Features: Corner Lot, City Limits, Near Public Transit Occupant Type: Tenant
Parking Features: None Patio And Porch Features: Deck, Patio, Porch
Property Sub Type: Multi Family Property Type: Residential Income
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: Call Listing Agent, See Remarks
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public
Water Source: Public Window Features: Blinds
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