Here is a very unique property with endless possibilities as it is currently zoned for 10-49 units. This 11 unit apartment complex sits in the heart of Old Northeast on beautiful brick streets, only a few short blocks from the Vinoy Resort and Marina, St. Petersburg’s vibrant downtown area and the new Sundial Shopping Center. Three building sit on the oversized lot with plenty of room for parking or to expand. Current gross income is $89K+ with plenty of upside and always offers 100% occupancy. Run a Bed and Breakfast out of this gorgeous property at $150 a night and gross $600K+ a year. A courtyard with lush landscaping sits between the 2 buildings and is a great common area for guests to enjoy. Coin laundry in the third building offers even more income for new owner. All apartments have been meticulously maintained and are ready for new owners. Opportunities like this don't come around often in Old NE so give us a call today for viewing.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
