Property Description

Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! 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.

Features

Heating System:: Ductless
Cooling System:: Wall/Window Unit(s)
Exterior Features:: Storage, Other, Courtyard
Interior Features:: Ceiling Fans(s), Other
Laundry Features:: None
Sewer:: Public Sewer
Utilities:: Public

Appliances

Appliances:: Range, Refrigerator, Microwave

Address Map

Country:: US
State:: FL
County:: Pinellas
City:: St Petersburg
Subdivision:: ARCADIAN HEIGHTS
Zipcode:: 33714
Street:: 57TH
Street Number:: 3365
Street Suffix:: AVENUE
Longitude:: W83° 19' 15.9''
Latitude:: N27° 49' 26.6''
Directions:: Get on I-175 W, Head south on 4th St S toward Delmar Terr S. Use the right lane to merge onto I-175 W via the ramp to I-275. Take I-275 N to 54th Ave N in Lealman. Take exit 26B from I-275 N. Continue on 54th Ave N. Drive to 57th Ave N. Turn left onto 57th Ave N. Property will be on your Right.
Mls Area Major:: 33714 - St Pete
Street Dir Suffix:: N
Zoning:: R-4