Property Description

4-Unit Investment Property – Strong Cash Flow + Upside Potential Fantastic opportunity to own an updated, income-producing multi-family property just minutes from St. Petersburg. This large, two-story building features 4 identical units, each offering 2 bedrooms and 1 bathroom, with two units upstairs and two downstairs. The property has been renovated in 2025, with updated interiors and a freshly painted exterior, providing a no-deferred-maintenance investment. Each unit is in great condition, making this a turnkey asset ready for immediate cash flow. Currently generating $5,400/month (3 units at $1,400 and 1 unit at $1,200), this property already cash flows well, with future rent increase potential to further boost returns.Situated on a large lot, the property offers ample parking in both the front and rear, along with a fully fenced yard for added privacy and security. Located in a quiet residential neighborhood, yet just minutes from downtown and with quick access to I-275, this location is highly attractive to tenants.

Features

Heating System:: Ductless
Cooling System:: Wall/Window Unit(s)
Exterior Features:: Lighting, Private Mailbox, Sidewalk, Fence, Private Entrance
Interior Features:: Ceiling Fans(s)
Laundry Features:: None
Sewer:: Public Sewer
Utilities:: Electricity Connected

Address Map

Country:: US
State:: FL
County:: Pinellas
City:: St Petersburg
Subdivision:: CROMWELL HEIGHTS
Zipcode:: 33705
Street:: 19TH
Street Number:: 1033
Street Suffix:: AVENUE
Longitude:: W83° 21' 4.1''
Latitude:: N27° 45' 5.1''
Directions:: Take 9th Street / MLK Street South from Central Ave to 19th Ave S, turn right on 19th Ave S to address on right side.
Mls Area Major:: 33705 - St Pete
Street Dir Suffix:: S