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  • MLS#: TB8337653 ( Residential Income )
  • Street Address: 1335 Dr Martin Luther King Jr Street N
  • Viewed: 38
  • Price: $1,335,000
  • Price sqft: $351
  • Waterfront: No
  • Year Built: 1910
  • Bldg sqft: 3802
  • Garage / Parking Spaces: 2
  • Days On Market: 146
  • 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
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Sidewalk
Garage Spaces
  1. 2.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Other
Legal Description
  1. EAST VIEW ADDITION LOT 11
Living Area
  1. 2406.00
Area Major
  1. 33701 - St Pete
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Storage
Parcel Number
  1. 18-31-17-24174-000-0110
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 31
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Water Connected
View
  1. City
Views
  1. 38
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8337653
Water Source
  1. Public
Year Built
  1. 1910