About 255 6th Avenue N
One of Downtown St. Petersburg's rarest offerings — a historic 1925 six-unit apartment building situated steps from Historic Old Northeast in Flood Zone X. The two-story wood-frame building features 5 one-bedroom/one-bath units plus an efficiency, individually metered electric, and a 2021 roof replacement already complete. Current rents are significantly below the appraiser's concluded value and represent significant income upside with rent stabilization in gross annual potential. Grandfathered 6-unit use under NT-2 zoning protects the income-producing asset in a neighborhood where comparable new supply simply cannot be built. Value-add investors will appreciate the vacancy/rent-up story, the density efficiency, and a location that commands premium tenants with minimal concessions. A genuine value-add play in a submarket that rarely offers one. Dont miss out on the investment opportunity. Contact the listing agent for a duel portfolio marketing plan for this and 247 6th ave n.
Features of 255 6th Avenue N
| MLS® # | TB8522549 |
|---|---|
| Price | $1,200,000 |
| Square Footage | 3,234 |
| Acres | 0.08 |
| Year Built | 1925 |
| Type | Commercial Sale |
| Sub-Type | Multi Family (5+) |
| Status | Active |
Listing Details
| Office | SUNSHINEAGLE LLC |
|---|
Listing Map
Neighborhood Information for 255 6th Avenue N
Stable Population, Moderate Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Tomlinson Adult Learning Center Public - to |
0 Miles | |
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Pinellas Mycroschool Of Integrated Academics And Technologies (Mycroschool Pinellas) Public - to |
1 Miles | |
|
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Saint Paul Catholic School Catholic - Preschool to 8Th Grade - Closest Elementry School |
1 Miles | |
|
Woodlawn Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
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Campbell Park Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
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John Hopkins Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
2 Miles | |
|
North Shore Elementary School Public - Kindergarten to 5Th Grade |
2 Miles |
School data provided by GreatSchools