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619 Kirkwood Ter N 6 Unit Apartment Building $850,000 ($141,667/Unit) Saint Petersburg, FL 33701
Investment Highlights
- Core Location in Crescent Lake – Located in one of St. Pete’s most desirable neighborhoods
- Rental Upside of $200+ – Current rents trail market comps by over $200 per unit
- Value-Add Strategy Initiated – One unit has been renovated
- High-Growth Submarket – Positioned in Pinellas County’s fastest-growing rental submarket
Executive Summary
6-Unit Multi-Family | One Mile North of Downtown St. Pete
A rare opportunity to acquire a 6-unit apartment complex in one of Florida's most in-demand rental markets. This property is 100% occupied and has consistently maintained full occupancy, a testament to the strength of the location and the quality of the tenant base.
Located in the charming Crescent Lake neighborhood, this income-producing asset sits steps from the iconic 56-acre Crescent Lake Park, a consistent tenant magnet featuring lakeside views, tennis courts, playgrounds, and a beloved paved pathway.
Walking distance to St. Petersburg College and USF St. Petersburg Campus delivers a built-in renter base of students and faculty, supporting strong occupancy year-round. Three shopping centers within 1.1 miles, five parks within 5.8 miles, and convenient access to both St. Pete-Clearwater International and Tampa International airports make this a location tenants actively seek out.
The seller has recently completed two of the highest-impact capital improvements an investor can inherit: a new roof and updated electrical panels. Walk in with the major work behind you and focus on what matters, collecting rents in a supply-constrained market at the heart of the entire Tampa Bay metro.
A rare opportunity to acquire a 6-unit apartment complex in one of Florida's most in-demand rental markets. This property is 100% occupied and has consistently maintained full occupancy, a testament to the strength of the location and the quality of the tenant base.
Located in the charming Crescent Lake neighborhood, this income-producing asset sits steps from the iconic 56-acre Crescent Lake Park, a consistent tenant magnet featuring lakeside views, tennis courts, playgrounds, and a beloved paved pathway.
Walking distance to St. Petersburg College and USF St. Petersburg Campus delivers a built-in renter base of students and faculty, supporting strong occupancy year-round. Three shopping centers within 1.1 miles, five parks within 5.8 miles, and convenient access to both St. Pete-Clearwater International and Tampa International airports make this a location tenants actively seek out.
The seller has recently completed two of the highest-impact capital improvements an investor can inherit: a new roof and updated electrical panels. Walk in with the major work behind you and focus on what matters, collecting rents in a supply-constrained market at the heart of the entire Tampa Bay metro.
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $141,667 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,700 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | Parking Ratio | 0.74/1,000 SF |
| Zoning | NT-2 - Neighborhood Traditional | ||
| Price | $850,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | NT-2 - Neighborhood Traditional |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 500 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 18-31-17-25218-000-0100 | Improvements Assessment | $300,755 |
| Land Assessment | $309,245 | Total Assessment | $610,000 |
Property Taxes
Parcel Number
18-31-17-25218-000-0100
Land Assessment
$309,245
Improvements Assessment
$300,755
Total Assessment
$610,000
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619 Kirkwood Ter N
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