3365 57TH AVENUE N, ST PETERSBURG, FL 33714

$995,000

bedrooms

bathrooms

square feet

3,800

Acreage

Open Houses

year built

1925

Full Baths

Half Baths

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Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three-income-producing property in Pinellas County has endless value-add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.

Location
Subdivision	ARCADIAN HEIGHTS
County	Pinellas
Elementary School	Lealman Avenue Elementary-PN
Middle School	Meadowlawn Middle-PN
High School	Northeast High-PN

Driving directions

Open houses

None scheduled.

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MLS number: TB8339945

Listing agent: Kim Meredith-Hampton

Listing broker: Engel & Völkers St. Pete (727) 295-0000

Last update: Tuesday, March 25 2025 at 10:38 a.m. EDT

Kotohomes National