471 9th Ave N, St. Petersburg, FL 33701

Brand New to the Live Market

Multi-family in Uptown St Petersburg F-l-a

Uptown Cashwell Heights

Our Offering is for a 5-plex Multi-family Building in a Historical and Famed Neighborhood Known as Uptown. The Structure is a Charming 1922 Building of Craftsman-style Architecture With Hardwood Floors and Neutral Interiors. The Year of Construction is Significant to Many of Us Locals Because It Was Built Pre-boom. Much of Uptown Was Built in the Early 1900's.

The Structure is 3,015 Sf Which Includes an Enclosed Porch, Screened Porch, and Open Porch. The Heated Square Footage is 2,426. The Land Mass is 5,500 Sf Surrounded by a Very Attractive White Fence.

The Site Consists of 5 Units, All Are One Bedroom / One Bath. Unit 4 Can Be Transformed Into a 2-bedroom Unit. All the Units Have Been Well Maintained. In Addition, There is a Brand-new Water Heater in the Facility.

Parking is Abundant With 6+ Spaces on Premises, Plus Tons of Street Parking.

As Mentioned, the Structure Boasts Inviting Screened and Open Porches. The Landscape and Patio Are Great Additions to This Opportunity.

This is a Value-added Investment, Even Though the Units Are in Good Condition, There is the Option of Updating and Raising the Rents. The Current Rents Are Already Under-market, Thus Leaving a Lot of Room for Increased Margins. Plus There is Room to Add Coin-operated Washing Machines and Dryers Providing More Money to the Gross Revenues, as Well as the Appeal of on-site Laundry That Allows for Increases in Rents.

It Should Be Noted the Units Are Always Rented and There is Usually a Waiting List.

Additional Info on the Noi and Financial Documents Will Be Supplied Upon Request.