3220 6th Street S, ST PETERSBURG, FL


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About 3220 6th Street S

$550,000 PRICE REDUCTION! UPDATED RENT ROLL AND FINANCIAL STATEMENTS. DOCK NOW IN PERMITTING STAGE, WITH ANTICIPATED PERMIT APPROVAL IN OCTOBER. This extremely rare trophy asset is a 16-unit concrete block apartment building featuring 214 feet of direct, wide water frontage, with clear access to Tampa Bay and the Gulf of Mexico. This is the closest waterfront apartment building to downtown St. Petersburg that exists in the city; as a majority of the non-residential waterfront property St. Pete was designated as parkland by City Charter over 100 years ago, not even the high rises downtown have true water frontage! In fact, your views will never be obstructed, nor will any development ever occur in the line of sight as the property adjoins the 7-block long Grandview Park and boat ramp. The unit mix is (13) 1 bedroom, 1 bath units, (2) 2 bedroom, 1 bath units and (1) 2 bedroom, 1.5 bath unit. There are 32 parking spaces, a full 2 spots per unit. All units have the following shared characteristics: solid surface flooring (porcelain or wood laminate), central heat and air, and four-piece appliance suites including built in microwave and dishwasher. Every window in the complex is double pane, and updates in 2023 include all exterior lighting, all exterior paint, new irrigation system, professional landscaping, fencing, asphalt parking lot, completely remodeled laundry and administrative room, and outdoor common areas including furniture, patio and kayak rack. All units in the complex have been remodeled, with the vast majority featuring solid wood cabinetry, granite countertops, stainless steel appliances, and all LED lighting throughout. A major selling point is future potential of the waterfront. The complex is permitted to have a 16 slip dock, extending out 250+ feet. This can generate huge potential income moving forward due to the scarcity of boat slips in the entire county. Additional future potential may include short term rentals, where customers could boat in from other coastal cities for the weekend, week, or season, though the parcel would likely have to be rezoned to achieve this. There is no deferred maintenance anywhere; easy upside potential on the below market rents. Landlord pays for water, each unit is separately metered for electric and it is the responsibility of the tenant. Sellers are realtor and family.

Features of 3220 6th Street S

MLS® # U8201648
Price $5,450,000
Bathrooms 0.00
Square Footage 11,480
Acres 0.52
Year Built 1968
Type Commercial Sale
Sub-Type Multi-Family
Status Active
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Neighborhood Information for 3220 6th Street S

Low Residential Turnover, Coastal Area, Suburb of Tampa



January 69.30℉
July 90.20℉


January 76.60℉
July 76.60℉
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Nearby Schools

Great Schools School Name Distance  
Great School

Lakewood Elementary School

Public - Preschool to 5Th Grade - Closest Elementry School
1 Miles
Great School

Midtown Academy

Public - Kindergarten to 8Th Grade - Closest Middle School
1 Miles
Great School

Lakewood High School

Public - 9Th Grade to 12Th Grade - Closest High School
2 Miles
Great School

Lakewood Community

Public - Adult - Other to Adult - Other
2 Miles
Great School

Academy Prep Center Of St. Petersburg

Private - 5Th Grade to 8Th Grade
2 Miles
Great School

Melrose Elementary School

Public - Preschool to 5Th Grade
2 Miles
Great School

James B. Sanderlin Pk-8

Public - Preschool to 8Th Grade
2 Miles

School data provided by GreatSchools

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