Commercial - ST PETERSBURG, FL
9.2% cap rate. Fully stabilized 23-Room multi-family income producing rental property. Located in desired downtown St. Petersburg, FL just blocks from waterfront Beach Drive with frontage on 5th Ave N. Renovated in 2013, the property consists of: 14 - 1 bedrooms with shared bathrooms (1 bathroom per 2 rooms); 8 - 1 Bed/1 Bath; 1 - 1 Bedroom apartment; common area kitchen, dining room, multi-purpose room and manager' s office. Additionally, the property has an active hotel/motel license which allows the conversion to a AirBNB seamlessly.
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Please call (727) 447-3995.
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