35 Units | Uptown Suites

1503 9th Street North, St. Petersburg, FL

$4,675,000

Price

11.13%

Cap Rate

16,448 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
11.13%
Building Size
16,448 sqft
Lot Area
0.47 acres
Units
35
Year Built
1959
Price Per Unit
$125,000
Year Last Renovated
2022
Description

ST. PETE HIGHLIGHTS
• #1 City in Florida for Fiscal Health by Fiscal Times
• Top 20 cities for Young Professionals by Forbes
• #2 America’s fastest growing cities by Forbes
• Top 20 for destination in the U.S. by Tripadvisor
• Top 10 market for Real Estate Investment in 2019 by the Urban Land Institute

Highlights
  • Highly desirable location in the Heart of Growing Downtown St. Petersburg
  • Close proximity(0.6 miles) to dining, retail and local night life
  • Concrete block construction recently renovated in 2022
  • New exterior paint, life proof vinyl plank wood flooring throughout and new furnishings (All units are fully furnished)
  • Property boasts short term business license which provides owner flexibility in renting apartments, Airbnb or as a boutique hotel
  • Roof permitting in 2019
  • Over $200,000 of capital improvements since 2021
  • Within 20 minutes to St. Pete Beach ranked #1 Beach in 2020 by TripAdvisor
  • Located in the most densely populated county in Florida
Documents
Title
Offering Memorandum
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Location
Gallery