206 9TH AVE NE

EXCELLENT OPPORTUNITY to acquire 10 UNITS in the heart of upscale and in-demand OLD NORTHEAST!! Positioned on an OVER-SIZED CORNER LOT just 2 blocks north of booming Downtown St Petersburg and 2 Blocks off Beach Drive and gorgeous waterfront North Shore Park, this property benefits from extreme walkability while surrounded by classic Florida charm. Comprising 8 studios and 2 One-Bedroom apartments - ideal unit sizes for our strong rental market - the property features 11 OFF-STREET PARKING spaces and ON-SITE LAUNDRY, both of which are features that appeal to the target market for tenancy. Benefiting from FURNISHED UNITS and previous transient licensing that may allow for a return to short term rentals use, this property has a variety of potential opportunities built-in - a rarity for Old Northeast. With NO FLOOD ZONE, largely updated units separately metered for electric, a fresh paint job and a solid roof with no storm damage, this property is a Turn-Key investment in a HIGH-DEMAND location ideal for any Investor on the spectrum, from new to experienced, and may have significant REDEVELOPMENT POTENTIAL to others thanks to possible density grandfathering; clearly a rare opportunity in a top-tier location just steps away from the ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS of ST PETE! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. Don't wait - invest now in the future of St Pete!!! Pre-Contract Showings available when there are vacancies, walk-arounds welcome when there are not - contact today to schedule.

MLS ID#

MFRTB8343555

Price

$2,500,000

Status

Active

Bedrooms

0

Bathrooms

0

Full Baths

N/A

Half Baths

N/A

Square Footage

3,450 sqft

Acres

0.2000

Year Built

1955

Type

Residential Income

Subtype

Multi-Family

Style

N/A

Address

206 9TH AVE NE

Subdivision

Bay Shore Rev

City

Saint Petersburg

County

Pinellas

State

FL

Zip Code

33701

Senior Community

No

Amenities

N/A

Parking

N/A

View

No

Waterfront

No

Pool

No

Interior Features

Ceiling Fans(s)

Heating

Wall Units / Window Unit

Cooling

Wall/Window Unit(s)

Flooring

Ceramic Tile, Terrazzo

Fireplace

N/A

Stories

N/A

Appliances

Range, Refrigerator, Dryer, Washer

Exterior Features

Other, Sidewalk

Construction

Block

Foundation

Slab

Roof

Other

Fencing

N/A

Lot Features

Corner Lot, In County, Near Public Transit, City Limits, Near Marina

Elementary

N/A

Middle

N/A

High

N/A

Date Listed

February 1, 2025

Days on Market

11

Zoning

N/A

Direction Faces

N/A

New Construction

No