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Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three-income-producing property in Pinellas County has endless value-add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.
Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three-income-producing property in Pinellas County has endless value-add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.
Property Details
Price:
$995,000
MLS #:
TB8339945
Status:
Active
Beds:
0
Baths:
0
Address:
3365 57TH AVENUE N
Type:
Multi Family
Subdivision:
ARCADIAN HEIGHTS
Neighborhood:
33714 – St Pete
City:
ST PETERSBURG
Listed Date:
Jan 29, 2025
State:
FL
Finished Sq Ft:
4,350
Total Sq Ft:
4,350
ZIP:
33714
Lot Size:
6,390 sqft / 0.15 acres (approx)
Year Built:
1925
Units:
9
Schools
Elementary School:
Lealman Avenue Elementary-PN
Middle School:
Meadowlawn Middle-PN
High School:
Northeast High-PN
Interior
Appliances
Microwave, Range, Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Units / Window Unit
Laundry Features
None
Exterior
Construction Materials
Other, Stucco
Exterior Features
Courtyard, Other, Storage
Roof
Shingle
Financial
Tax Year
2024
Taxes
$19,022
Map
Community
- Address3365 57TH AVENUE N ST PETERSBURG FL
- SubdivisionARCADIAN HEIGHTS
- CityST PETERSBURG
- CountyPinellas
- Zip Code33714
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3365 57TH AVENUE N
ST PETERSBURG, FL
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