ST PETERSBURG, FL 33701 324 7TH STREET S

Pending
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Presented By: COMPASS FLORIDA LLC with 305-851-2820. -
  • MLS# TB8322027
  • 11/17/2024
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  • Beds • 4
  • Baths • 4
  • SQFT • 2,368

Home Details

Under contract-accepting backup offers. Introducing a prime 4-unit multifamily property located in the heart of downtown St. Petersburg, offering exceptional investment potential and modern upgrades. This well-maintained property boasts an average monthly rental upside of $275 per unit, or approximately $13,000 annually, based on comparable properties in the market. Significant renovations have been completed in both 2022 and 2023, including stunning interior upgrades such as sleek stainless steel appliances, white shaker cabinets, new water heaters, and quartz countertops. The exterior has been meticulously enhanced with fresh sealant and painting, balcony repairs, fencing replacement, staircase repairs, and upgraded central AC units. With amenities that include select furnished units, an on-site laundry facility, private front porches, and a fenced-in lot, this property offers comfortable living in a vibrant location. Situated within walking distance to the best of downtown St. Petersburg, including upscale dining, retail destinations, and the scenic waterfront on Central Avenue and Beach Drive, this property is perfectly positioned. It’s also just a 5-minute walk to the highly anticipated $6.5 billion Tropicana Field redevelopment project, which will transform the area with a new baseball stadium, 1.4 million square feet of office and medical space, retail and dining, hotels, and more. The property is ideally located near major employers such as St. Anthony’s Hospital (1.3 miles), Bayfront Health (0.5 miles), Johns Hopkins All Children’s Hospital (0.5 miles), Tropicana Field (0.3 miles), and the University of South Florida – St. Petersburg Campus (0.4 miles). Plus, with St. Pete Beach just 7.9 miles away, ranked as the #1 beach in the U.S. by TripAdvisor in 2021, this property offers both urban convenience and coastal relaxation. This is a rare opportunity to own a high-potential, renovated multifamily asset in one of Florida’s most sought-after locations.
Presented By: COMPASS FLORIDA LLC with 305-851-2820. -

Interior Features for 324 7TH STREET S

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringtile, hardwood
Heating Y/NYes
Interior Amenitiesceiling fan(s), open floorplan, solid surface counters, solid wood cabinets, thermostat
Laundry Featureslaundry room

General for 324 7TH STREET S

Additional Parcels Y/NNo
Appliancesdishwasher, disposal, microwave, range
Building Area Unitssquare feet
Carport Y/NNo
Cityst petersburg
Construction Materialswood frame (fsc certified)
Coolingcentral air
Countypinellas
Directionsfrom tropicana field head west on tropicana dr toward 1st ave s, turn left onto 1st ave s, turn right onto 7th st s. property ahead on your right.
Elementary Schoolcampbell park elementary-pn
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
HOANo
Heatingcentral
High Schoolst. petersburg high-pn
Land Lease Y/NNo
Legal Descriptionrev map of st petersburg blk 62, s 50ft of lot 8
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet2470
Lot Size Unitssquare feet
MLS Area33701 - st pete
Middle/Junior High Schooljohn hopkins middle-pn
ModificationTimestamp2025-04-09t15:39:23.590z
New ConstructionNo
Number Of Units Total4
Ok to Lease12 months
Ownershipfee simple
Pets Allowedyes
Property Attached Y/NNo
Property Subtypequadruplex
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statuspending
Statuspending
Subdivision Namerev map of st petersburg
Tax Annual Amount11120.88
Tax Lot8
Tax Year2023
Utilitiescable connected, electricity connected, natural gas connected, sewer connected, street lights, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1920

Exterior for 324 7TH STREET S

Exterior Amenitiessidewalk
Foundation Detailscrawlspace
Lot Dimensions50 x 50
Lot Size Acres0.06
Lot Size Area2470
Number of Buildings1
Private PoolNo
Road Surface Typeasphalt, brick
Water Sourcepublic

Additional Details

Price History

Schools

Middle School John Hopkins Middle-PN
High School St. Petersburg High-PN
Elementary School Campbell Park Elementary-PN

Andre LaFountain

Realtor / Coach
Price $1,195,000
MLS#TB8322027
List Date 11/17/2024
Property Type Pending
Phone 518.569.7173
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Request Info
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Location
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