The Central Apartments is a 4-unit multifamily property located in the vibrant heart of Downtown St. Petersburg. Situated within walking distance of Central Ave and Beach Drive, residents enjoy unparalleled access to upscale dining, retail, and entertainment venues. The property is also conveniently close to major employers like St. Anthony’s Hospital, Bayfront Health Hospital, and the University of South Florida – St. Petersburg Campus. With the $6.5 billion Tropicana Field redevelopment project—featuring a new baseball stadium, extensive office and retail spaces, and more—just a five-minute walk away, this location is poised for significant growth. This investment opportunity boasts a substantial rental upside of $275 per unit per month—translating to approximately $13,000 annually—based on current market trends. The property has undergone comprehensive renovations in 2022 and 2023, featuring modern interior upgrades such as stainless-steel appliances, white shaker cabinets, new water heaters, and sleek quartz countertops. Exterior enhancements include a fresh seal and paint, balcony repairs, fencing replacement, upgraded central AC units, and attic repairs, ensuring both aesthetic appeal and structural integrity. The Central Apartments offer a compelling investment opportunity with a combination of an ideal downtown St. Petersburg location, rental upside, and modern renovations.