1335 DR MARTIN LUTHER KING JR ST N, ST PETERSBURG, FL, 33701
$1,335,000
Residential Income
|
Living Area
2,406 Sqft
|
Lot Size
6,534 Sqft
|
This exceptional 6-unit mixed-use property in St. Petersburg’s coveted downtown 33701 zip code offers a rare combination of resilience, location, and income potential. With a prime location steps from Crescent Lake Park, just 1 mile from Central Avenue, and walking distance to Tropicana Field, this property is perfectly positioned to capitalize on the city's vibrant growth. Elevated 40+ feet above sea level, it sustained no interior hurricane damage and is zoned CRT-1, allowing flexible residential and commercial use. The owner most recently has operated it as a mid term rental, allowing 1-2 months stays. The property features a separately metered, detached block 2-car garage, providing an opportunity to expand the usable footprint or generate additional income. A studio unit on the third floor that offers breathtaking views of the St. Pete skyline and can be easily converted into a true 1-bedroom, 1-bathroom unit for additional added value. A new roof was installed in 2021, and the building currently utilizes central heating, with the potential to be upgraded to an efficient heat pump system for central air conditioning. Additionally, a property manager living next door is willing to remain on board for smooth operational continuity. Financially, the property is a proven performer, grossing over $125,000 last year, with detailed financial records available upon request. This is a rare opportunity to own a versatile and income-generating property in a highly desirable downtown location.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8337653 | Year Built: | 1910 | |
| Construction Materials: | Frame | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Pinellas | |
| Exterior Features: | Sidewalk | Financial Data Source: | Owner | |
| Foundation Details: | Crawlspace | Heating: | Central | |
| Laundry Features: | Other | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Other Structures: | Storage | |
| Property Sub Type: | Multi Family | Property Type: | Residential Income | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Call Listing Agent | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Connected, Electricity Connected, Water Connected | |
| View: | City | Water Source: | Public | |
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