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Michael Kessler

mike@gowithkessler.com +1(561) 420-4449

$1,015,900

Est. payment - /mo

5 Beds

6 Baths

5,143 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,143 sqft

Price per Sqft $197

Subdivision Wildwood Sub

MLS Listing ID TB8443916

Bedrooms 5

HOA Y/N No

Year Built 1926

Annual Tax Amount $16,692

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 150x127

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Motivated Sellers! HOME WARRANTIES included on the existing units and located in a NO FLOOD ZONE, this rare MULTIFAMILY INVESTMENT PROPERTY in ST. PETERSBURG, FLORIDA offers the perfect combination of IMMEDIATE CASH FLOW and APPROVED DEVELOPMENT OPPORTUNITY. Situated on approximately 3.5 CORNER LOTS, this unique property includes FOUR FULLY OCCUPIED RENTAL UNITS across three separate buildings, featuring a 3-BEDROOM, 2-BATH SINGLE-FAMILY HOME, a 2-BEDROOM, 2-BATH SINGLE-FAMILY HOME, and TWO REMODELED STUDIO APARTMENTS, all extensively updated in 2022 with NEW ROOFS, UPDATED KITCHENS, MODERN FLOORING, NEW DOORS, TRIM, PAINT, AND INTERIOR FINISHES, plus NEW LANDSCAPING completed in 2025. Also included is the parcel at 1416 28TH AVE S, where the previous five-unit building was professionally demolished with permits, including asbestos remediation, and the property has already been REZONED AND APPROVED FOR UP TO 13 RESIDENTIAL UNITS, allowing investors and developers to collect rental income while planning their next project. Located just minutes from DOWNTOWN ST. PETERSBURG, CENTRAL AVENUE, the WAREHOUSE ARTS DISTRICT, the TROPICANA FIELD REDEVELOPMENT, I-275, and the GULF BEACHES, this property is surrounded by NEW CONSTRUCTION, thriving businesses, and one of the area's strongest RENTAL MARKETS. Whether you're searching for a MULTIFAMILY PROPERTY, INCOME-PRODUCING INVESTMENT, REDEVELOPMENT OPPORTUNITY, VALUE-ADD PROJECT, or a COMMERCIAL RESIDENTIAL DEVELOPMENT SITE, this exceptional offering delivers STRONG CASH FLOW, LONG-TERM APPRECIATION, and outstanding upside in one of ST. PETERSBURG'S FASTEST-GROWING LOCATIONS.

Location

State FL

County Pinellas

Community Wildwood Sub

Area 33712 - St Pete

Direction S

Interior

Interior Features Ceiling Fans(s), Open Floorplan, Window Treatments

Heating Central

Cooling Central Air

Fireplace false

Laundry Inside, Laundry Room

Exterior

Exterior Feature Other, Private Mailbox

Utilities Available Public

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

Virtual Tour https://listings.textured.media/videos/0199e5b9-d114-7366-ab06-d5009417e91e

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Listed by Betsy Tinervin REAL BROKER, LLC

NEARBY SCHOOLS & PROPERTIES

Michael Kessler

Agent License ID: 3253539

+1(561) 420-4449 | mike@gowithkessler.com

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2722 14TH AVE S St Petersburg, FL 33712

Michael Kessler

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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2722 14TH AVE S