35 Units | Uptown Suites

$4,675,000

1503 9th Street North, St. Petersburg, FL 33704

For Sale

Multifamily Mid High Rise

Active

Last Updated: 03/07/2025

Details:

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

Offered by

Rodney Colvert

Managing Director

Colvert Capital CRE

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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

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