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listing
1 of 34
Residential IncomeFor Sale
$3,200,000
308 Grove Street N
St Petersburg, FL 33701
Courtesy of Re/max Preferred
MLS: Stellar MLS
5Beds
4Baths
7,252Sq Ft
Est. Mortgage
$16,618/mo

PARTIAL SHOWINGS CURRENTLY AVAILABLE!!! PRIME OPPORTUNITY to acquire a 12 UNIT property in the booming MIRROR LAKE area of DOWNTOWN ST PETERSBURG proper!!! Walk-able to all of the in demand destinations downtown St Pete this property is a GREAT UNIT MIX of 8 Studio Lofts, 1 1-Bedroom apartment, and 3 2-Bedroom apartments - high-demand products providing an array of leasing options in our booming rental market. With ON-SITE LAUNDRY, wood floors, updated units, fresh paint, separate entrances, secure bike storage area, FULLY SEPARATELY METERED FOR ELECTRIC and a 2014 ROOF all just off Mirror Lake, and just a few blocks to Central Ave make this a TURN-KEY property for any investor on the spectrum, new or experienced. Located in a booming pocket of Downtown St Petersburg with multiple large projects going up 1 block away in multiple directions, this property will be sure to provide SOLID, CONSISTENT CASH-FLOW and SIGNIFICANT UP-SIDE for the next owner. Current rents are below market and will have large resets, with most leases coming up end of summer/beginning of fall 2022. This area is IN HIGH-DEMAND for rentals, and will remain that way for the foreseeable future as downtown ST PETE continues to boom! This NO-FLOOD ZONE property is in an IDEAL LOCATION for Tenants!! Walk to Central Ave, Beach Drive, and all of the excellent restaurants, shops and breweries, and ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS that DOWNTOWN ST PETE is so rightly famous for!!! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. This property CAN BE PURCHASED SEPARATELY or AS A PORTFOLIO with another St Petersburg property - a pre-packaged ST PETERSBURG investment portfolio with management in place if wanted - all set to go!!!! Don't wait - invest now in the future of St Pete!!!

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Listing provided by Re/max Preferred
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