4 Beds
6 Baths
3,453 SqFt
4 Beds
6 Baths
3,453 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,453 sqft
Price per Sqft $369
Subdivision Thorntons Add
MLS Listing ID TB8366139
Bedrooms 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1953
Annual Tax Amount $10,013
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Multi-Family
Property Description
the neighborhood offers an exceptional opportunity for investors and owner-operators alike.
Located at 548 3rd St N, a couple of blocks from downtown, this property provides a rare chance
to either maximize rental income with current below-market rents or explore future
redevelopment potential as this property is twice the size of a regular lot, .215 acres to be
exact, just shy of a quarter acre!
The property consists of four spacious one-bedroom units and two well-designed studio
apartments. The property is located in a non-flood zone, meaning no costly flood insurance is
required. The landlord covers the water, sewer, and garbage. All tenants pay their electric
bills, one tenant has electricity included in their rent as they share the power with the common
electric for the property lights, etc. Additional revenue streams include a coin-operated laundry
facility with a full-size washer and dryer. Parking is plentiful, with two garages and four
dedicated off-street parking spots. There is also an additional storage area that could be
leased.
This investment is ideally located in Old Northeast, one of St. Pete's most desirable and historic
neighborhoods. Tenants will appreciate being within walking distance of the vibrant downtown
district, where they can enjoy a variety of restaurants, entertainment, and nightlife. The scenic
St. Pete Pier is nearby, offering waterfront dining, museums, and events. North Shore Park and
The Community Center provides access to tennis courts, green spaces, and beachside recreation,
while the 4th Street Corridor is home to an array of shops, cafes, and conveniences.
With strong rental demand and limited multifamily inventory in the area, this property presents
a tremendous opportunity for immediate cash flow and long-term appreciation. Don't miss the
chance to own a valuable investment in one of St. Petersburg's most dynamic and walkable
locations. Schedule a private tour today and explore the possibilities this multifamily gem has to
offer.
Location
State FL
County Pinellas
Community Thorntons Add
Zoning MULTI FAM
Direction N
Interior
Interior Features High Ceilings
Heating Electric, Reverse Cycle
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Other
Fireplaces Type Family Room
Fireplace true
Appliance Dryer, Refrigerator, Washer
Laundry Common Area, Laundry Room
Exterior
Exterior Feature Courtyard
Parking Features Assigned, Deeded, Driveway, Off Street, On Street, Workshop in Garage
Garage Spaces 2.0
Utilities Available Electricity Connected, Public
Roof Type Shingle
Porch Porch
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Historic District, Near Public Transit, Oversized Lot, Sidewalk, Street Brick
Foundation Pillar/Post/Pier, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Schools
Elementary Schools North Shore Elementary-Pn
Middle Schools John Hopkins Middle-Pn
High Schools St. Petersburg High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Membership Fee Required None
Listing Terms Cash, Conventional
Special Listing Condition None
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