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1761 19th St S 4 Unit Apartment Building $699,000 ($174,750/Unit) 9.26% Cap Rate Saint Petersburg, FL 33712
Investment Highlights
- Fully gut-renovated quadplex featuring four turnkey residential units.
- Located near downtown St. Petersburg with immediate access to dining, entertainment, and employment hubs.
- Strong rental performance with upside potential based on local HUD Fair Market Rents.
- Bathrooms upgraded with tiled showers, new vanities, and premium fixtures throughout.
- Opportunity Zone designation supports advantageous tax incentives for qualifying investors.
Executive Summary
Fully gut-renovated income-producing quadplex in the heart of St.? Petersburg, featuring four turnkey units and located just minutes from downtown.? This high-quality renovation includes a new roof installed in 2020, fresh exterior paint, and extensive interior upgrades throughout the building.?
Each unit offers in-unit laundry connections, modern kitchens with shaker-style cabinets, quartz countertops, and stainless steel appliances.? The bathrooms have been fully remodeled with tiled showers, new vanities, and sleek modern fixtures.? Interior upgrades also include new waterproof luxury vinyl plank flooring, all new trim, and baseboards for a clean, updated finish.? Please reach out to 518-414-0388 with any questions.?
The quadplex layout consists of four 2 bedroom / 1 bathroom units with the following rental amounts:
Unit 1: $1,650/month
Unit 2: $1,650/month
Unit 3: $1,895/month
Unit 4: $1,562/month
Current rental income totals $6,757/month ($81,084 annually).? Based on the current HUD Fair Market Rent of $2,130/month for 2-bedroom unit in this ZIP code, the property has the potential to generate $8,520/month ($102,240 annually), representing an upside of $1,908/month ($22,896 annually).?
Located in a prime corridor within the City of St.? Petersburg, this property benefits from strong tenant demand, steady appreciation, and proximity to dining, entertainment, and major employment centers.?
Perfect for investors seeking cash flow and long-term appreciation or an owner-occupant looking to offset housing costs.? No hurricane damage from both storms (Milton & Helene).? Motivated seller — don’t miss out on this fully updated opportunity.?
Each unit offers in-unit laundry connections, modern kitchens with shaker-style cabinets, quartz countertops, and stainless steel appliances.? The bathrooms have been fully remodeled with tiled showers, new vanities, and sleek modern fixtures.? Interior upgrades also include new waterproof luxury vinyl plank flooring, all new trim, and baseboards for a clean, updated finish.? Please reach out to 518-414-0388 with any questions.?
The quadplex layout consists of four 2 bedroom / 1 bathroom units with the following rental amounts:
Unit 1: $1,650/month
Unit 2: $1,650/month
Unit 3: $1,895/month
Unit 4: $1,562/month
Current rental income totals $6,757/month ($81,084 annually).? Based on the current HUD Fair Market Rent of $2,130/month for 2-bedroom unit in this ZIP code, the property has the potential to generate $8,520/month ($102,240 annually), representing an upside of $1,908/month ($22,896 annually).?
Located in a prime corridor within the City of St.? Petersburg, this property benefits from strong tenant demand, steady appreciation, and proximity to dining, entertainment, and major employment centers.?
Perfect for investors seeking cash flow and long-term appreciation or an owner-occupant looking to offset housing costs.? No hurricane damage from both storms (Milton & Helene).? Motivated seller — don’t miss out on this fully updated opportunity.?
Property Facts
| Price | $699,000 | Building Class | C |
| Price Per Unit | $174,750 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| Cap Rate | 9.26% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF - Multi-Family | ||
| Price | $699,000 |
| Price Per Unit | $174,750 |
| Sale Type | Investment |
| Cap Rate | 9.26% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2020 |
| Opportunity Zone |
Yes |
| Zoning | MF - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Range
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Grill
- Built-In Bookshelves
- Dining Room
- Family Room
- Garden
- Lawn
- Patio
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
- Grill
- Vintage Building
- Wi-Fi
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,650 | 532 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-31-16-50022-000-0210 | Improvements Assessment | $361,847 |
| Land Assessment | $78,153 | Total Assessment | $440,000 |
Property Taxes
Parcel Number
25-31-16-50022-000-0210
Land Assessment
$78,153
Improvements Assessment
$361,847
Total Assessment
$440,000
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1761 19th St S