1335 DR MARTIN LUTHER KING JR ST N new Save Request In-Person Tour Request Virtual Tour
St Petersburg,FL 33701
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,406 sqft
Price per Sqft $554
Subdivision East View Add
MLS Listing ID TB8337653
HOA Y/N No
Originating Board Stellar MLS
Year Built 1910
Annual Tax Amount $11,368
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 52x123
Property Description
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.
Location
State FL
County Pinellas
Community East View Add
Direction N
Interior
Interior Features Other
Heating Central
Cooling Central Air
Fireplace false
Laundry Other
Exterior
Exterior Feature Sidewalk
Garage Spaces 2.0
Utilities Available Cable Connected,Electricity Connected,Water Connected
View City
Roof Type Shingle
Attached Garage false
Garage true
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None