240 20th Ave 4 Unit Apartment Building $1,121,966 CAD ($280,491 CAD/Unit) Saint Petersburg, FL 33705

Situated in the historic Old Southeast neighborhood of St. Petersburg, 240 20th Ave S presents an exceptional multifamily investment opportunity. This stabilized quadruplex features two buildings offering a total of four units: two 1-bedroom apartments and two studio units, all leased to long-term tenants paying market rates. The front building encompasses two 1/1 units with individual entrances, while the rear structure integrates upper-level studios and ground-floor storage spaces, enhancing both functionality and tenant convenience.
Meticulous care has gone into maintaining this property. Interior finishes include restored hardwood and tile flooring, while recent capital improvements such as a new roof installed in 2023 minimize near-term maintenance. Each structure is accessible via street and alley, with on-site parking and manicured shared common areas.
The location adds compelling value. Nestled along tree-lined, brick-paved streets, the property is less than two miles from vibrant Downtown St. Petersburg, Tropicana Field, and the city’s thriving Innovation District. Tenants enjoy proximity to Lassing Park’s waterfront amenities, USF St. Petersburg campus, and major redevelopment projects including Lake Maggiore Apartments and Coquina Key Plaza. This combination of strong current income, low operational demands, and continued neighborhood growth establishes 240 20th Ave S as a turn-key investment with long-term appreciation potential.