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1520 22nd Ave N 10 Unit Apartment Building $2,324,008 CAD ($232,401 CAD/Unit) Saint Petersburg, FL 33704



Investment Highlights
- Durable concrete block construction
- On-site laundry facilities
- Quick access to Interstate 275
- 10 on-site parking spaces
- Minutes from Downtown St. Petersburg
- Value add opportunity
Executive Summary
10 UNIT APARTMENT BUILDING IN ST. PETERSBURG FOR SALE: Excellent multifamily investment opportunity located along the busy corridor of 22nd Avenue North and 16th Street in St. Petersburg. This well-maintained property is 90% occupied and consists of ten total units, including two 2-bedroom/1-bath units and eight 1-bedroom/1-bath units. The building features block construction, ten on-site surface parking spaces, on-site laundry facilities, and a welcoming courtyard with picnic tables and a grilling area for tenant enjoyment. The property offers an attractive unit mix with convenient on-site amenities that appeal to long-term tenants. Ideally positioned with quick access to I-275 and just minutes from Downtown St. Petersburg, residents enjoy close proximity to shopping, restaurants, entertainment, and major employment centers. The central location provides excellent connectivity throughout St. Petersburg and the greater Tampa Bay area. Situated in a strong rental market with continued area growth and development, this property presents an excellent opportunity for investors seeking stable multifamily income in a highly desirable location. Value add opportunity.
Property Facts
| Price | $2,324,008 CAD | Building Class | C |
| Price Per Unit | $232,401 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 6,760 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1961/1965 |
| Apartment Style | Low-Rise | Parking Ratio | 1.48/1,000 SF |
| Zoning | NTM-1 - NEIGHBORHOOD TRADITIONAL MIXED-RESIDENTIAL | ||
| Price | $2,324,008 CAD |
| Price Per Unit | $232,401 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,760 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/1965 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | NTM-1 - NEIGHBORHOOD TRADITIONAL MIXED-RESIDENTIAL |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13-31-16-26226-003-0270 | Improvements Assessment | $770,021 CAD |
| Land Assessment | $427,195 CAD | Total Assessment | $1,197,216 CAD |
Property Taxes
Parcel Number
13-31-16-26226-003-0270
Land Assessment
$427,195 CAD
Improvements Assessment
$770,021 CAD
Total Assessment
$1,197,216 CAD
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1520 22nd Ave N
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