540 14TH STREET, Saint Petersburg, Florida, 33705
$2,900,000
70,480 Sqft
1.62 Acres
23 bd
26 ba
#TB8429450
Value add portfolio of 18 Units in Downtown St Petersburg including 6 houes, 1 quads, 4 duplexes. 100% occupied with high rents with annual gross of $323,604.Also included in the sale would the lots located between units 610 14th Street and 544 14th St N where you can build additional units. Fantastic location located right next to Baycare's St Anthonys hospital. Property stays consistently occupied due to it's downtown location and proximity to the hospital. Perfect investment to do improvements and increase rents. Rents are 15-20% below market with 60 day termination clauses. Currently going through zoning change to allow more density.
PROPERTY FEATURES
- Utilities : BB/HS Internet Available, Private, Public
- Water Access : 0
- Sewer : Public Sewer
- Exterior Features : Sidewalk
- Road Surface Type : Asphalt
- Roof : Shingle
- Zoning : CRT-1,NSM1
- Heating : Electric
- Cooling : Central Air, Wall/Window Unit(s)
- Construction Materials : Frame
- Interior Features : Ceiling Fans(s)
- Laundry Features : Common Area
PROPERTY DETAILS
ID: TB8429450
Status: Active
Price: $2,900,000
Acres: 1.62 Acres
Price Per Acre: $1,790,123
Type: Other
Address: 540 14TH STREET
City, State: Saint Petersburg, Florida
County: Pinellas
Zip Code: 33705
Lat/Long: 27.778338, -82.652967
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