547 Grove St N
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547 Grove St N
8 Unit Apartment Building $1,639,724 ($204,966/Unit) 6% Cap Rate Saint Petersburg, FL 33701
Investment Highlights
- RARE Off Street Parking
- Perfect for owner living on site in third story loft unit
- Detached 2 Car Garage with storage loft
Executive Summary
John Burpee & Associates is proud to present its newest exclusive listing The Grove Street Apartments located at 547 Grove St, St. Petersburg, Fl 33701 is in the heart of the downtown St. Petersburg rental market. This 8-unit apartment asset along with extremely rare off-street parking and separate 2-car garage is prime for future growth of redevelopment.
The 84 x 107-foot land parcel is one of the largest in the immediate market. Additional income could be gained from renting the 2-car garage and charging tenants for off-street parking as added revenue. Currently other properties that our firm manages on the market are charging $100 per month for off-street parking.
Additionally, the property is ideal for a live on-site owner as the third-floor loft apartment is suitable for use as an owner’s unit with its unique layout, open floorplan and full width open porch across the rear of the property.
Please contact John Burpee to arrange a showing at 727-235-1992 John@Burpeecommercial.com
The 84 x 107-foot land parcel is one of the largest in the immediate market. Additional income could be gained from renting the 2-car garage and charging tenants for off-street parking as added revenue. Currently other properties that our firm manages on the market are charging $100 per month for off-street parking.
Additionally, the property is ideal for a live on-site owner as the third-floor loft apartment is suitable for use as an owner’s unit with its unique layout, open floorplan and full width open porch across the rear of the property.
Please contact John Burpee to arrange a showing at 727-235-1992 John@Burpeecommercial.com
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Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- Tub/Shower
- Built-In Bookshelves
- Deck
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Grill
- Car Charging Station
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
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Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 18-31-17-72288-000-0122 | Improvements Assessment | $461,065 |
| Land Assessment | $578,935 | Total Assessment | $1,040,000 |
PROPERTY TAXES
Parcel Number
18-31-17-72288-000-0122
Land Assessment
$578,935
Improvements Assessment
$461,065
Total Assessment
$1,040,000
zoning
| Zoning Code | Multi Family (Apartment / Multi Family) |
| Multi Family (Apartment / Multi Family) |
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547 Grove St N
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