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Palms @ Crescent Lake Apartments 440-450 14th Ave N

7 Unit Apartment Building For Sale Saint Petersburg, FL 33701

Investment Highlights

  • Excellent walkable location
  • Separately Parceled
  • OFF Street Parking

Executive Summary

EXCELLENT INVESTMENT OPPORTUNITY to acquire a 7 UNITS to Hold or for potential Individual Resale just steps off of the 4th St corridor in the sought after CRESCENT LAKE area of ST PETERSBURG proper!!! Comprising 7 FULLY OCCUPIED 1-Bedroom/1 Baths in an 8 unit property across 2 buildings on a large lot complete with off street parking, these homes are exceedingly walkable to all of the in demand destinations of downtown St Pete, the tennis and pickleball courts of gorgeous Crescent Lake, and the waterfront. These are high-demand products with balconies, patios and central AC, designed so that all are corner units - ideal for both our booming rental and sales markets, providing potential opportunities for multiple investment strategies with multiple exit options - the next owner can Buy and hold as a set, or sell off individually. With ON-SITE LAUNDRY, updated units, fresh paint, FULLY SEPARATELY METERED FOR ELECTRIC all just steps off Crescent Lake and 4th Street all make this a TURN-KEY property for any investor on the spectrum, new or experienced. Located in a beautiful shaded neighborhood with mature landscaping and a great lifestyle these properties will be sure to provide SOLID, CONSISTENT CASH-FLOW and SIGNIFICANT UP-SIDE for the next owner regardless of strategy. This area is IN HIGH-DEMAND for rentals AND sales, and will remain that way for the foreseeable future as downtown ST PETE continues to boom! This NO-FLOOD ZONE property is in an IDEAL LOCATION for residents!! Walk to Crescent Lake, Central Ave, Beach Drive, and all of the excellent restaurants, shops and breweries, and ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS that DOWNTOWN ST PETE is so rightly famous for!!! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. Don't wait - invest now in the future of St Pete!!! Pre-Contract Showings available when there are vacancies, walk-arounds welcome when there are not - contact today to schedule.

Attachments

440 14th RR PF

Property Facts

Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.25 AC
Building Size 3,948 SF
No. Stories 2
Year Built 1949

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Online Services
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 7 $1,673 564
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code MF (Multifamily)
MF (Multifamily)
  • Listing ID: 32070363

  • Date on Market: 6/8/2024

  • Last Updated:

  • Address: 440-450 14th Ave N, Saint Petersburg, FL 33701

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