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1335 Dr Martin Luther King Jr Street N, ST PETERSBURG, FL 33701
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1335 Dr Martin Luther King Jr Street N
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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
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  • MLS#: TB8337653 ( Residential Income )
  • Street Address: 1335 Dr Martin Luther King Jr Street N
  • Viewed: 99
  • Price: $1,335,000
  • Price sqft: $351
  • Waterfront: No
  • Year Built: 1910
  • Bldg sqft: 3802
  • Garage / Parking Spaces: 2
  • Days On Market: 79
  • 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
  • mfrmls
  • DMCA Notice
  • Description
    This 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
  • Open Parking Spaces: 0.00
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
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 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
  • Views: 99
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Nearby Subdivisions
Bay Front Sub   Bay Shore Rev   Bayboro   Cashwells 2nd Sub   East View Add   Glovers Thos   Ingram Place   Nicholsons J W Sub   Park View Rev Map   Plunkets Elijah B   Robinson Court   Snell Hamletts North Shore Ad   Thorntons Add