1335 Dr Martin Luther King Jr Street N, ST PETERSBURG, FL 33701
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Priced at Only: $1,335,000
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Address: 1335 Dr Martin Luther King Jr Street N, ST PETERSBURG, FL 33701
Property Location and Similar Properties
- MLS#: TB8337653 ( Residential Income )
- Street Address: 1335 Dr Martin Luther King Jr Street N
- Viewed: 1
- Price: $1,335,000
- Price sqft: $351
- Waterfront: No
- Year Built: 1910
- Bldg sqft: 3802
- Garage / Parking Spaces: 2
- Days On Market: 1
- Additional Information
- Geolocation: 27.7856 / -82.6464
- County: PINELLAS
- City: ST PETERSBURG
- Zipcode: 33701
- Subdivision: East View Add
- Provided by: CARPENTER REALTY GROUP
- Contact: Tyler Carpenter
- 813-362-4586
- DMCA Notice
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DescriptionThis exceptional 6 unit mixed use property in St. Petersburgs coveted downtown 33701 zip code offers a rare combination of resilience, location, and income potential. With a prime location steps from Crescent Lake Park, just 1 mile from Central Avenue, and walking distance to Tropicana Field, this property is perfectly positioned to capitalize on the city's vibrant growth. Elevated 40+ feet above sea level, it sustained no interior hurricane damage and is zoned CRT 1, allowing flexible residential and commercial use. The owner most recently has operated it as a mid term rental, allowing 1 2 months stays. The property features a separately metered, detached block 2 car garage, providing an opportunity to expand the usable footprint or generate additional income. A studio unit on the third floor that offers breathtaking views of the St. Pete skyline and can be easily converted into a true 1 bedroom, 1 bathroom unit for additional added value. A new roof was installed in 2021, and the building currently utilizes central heating, with the potential to be upgraded to an efficient heat pump system for central air conditioning. Additionally, a property manager living next door is willing to remain on board for smooth operational continuity. Financially, the property is a proven performer, grossing over $125,000 last year, with detailed financial records available upon request. This is a rare opportunity to own a versatile and income generating property in a highly desirable downtown location.
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Sidewalk
- Living Area: 2406.00
- Other Structures: Storage
- Roof: Shingle
Garage and Parking
- Garage Spaces: 2.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Sewer: Public Sewer
- Utilities: Cable Connected, Electricity Connected, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 0.00
- Tax Year: 2024
Other Features
- Country: US
- Interior Features: Other
- Legal Description: EAST VIEW ADDITION LOT 11
- Area Major: 33701 - St Pete
- Parcel Number: 18-31-17-24174-000-0110
- View: City
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