Franklin Street is pleased to offer this well-kept 9-unit multifamily property is located in the highly desirable Pasadena neighborhood of St. Petersburg, FL. The two-story, 1950s vintage building features a durable concrete block construction and offers a diverse mix of studio, 1-bedroom, and 2-bedroom units. Residents enjoy convenient amenities, including an on-site laundry facility and a communal courtyard. The property presents a strong value-add opportunity with the potential to recapture approximately 77% of utility expenses from tenants. It's prime location places it within 3 miles of St. Pete Beach—ranked the #1 beach in the U.S. by TripAdvisor in 2021. Strategically positioned near key education and employment hubs, the property is just 0.1 miles from St. Pete State College, 1.1 miles from Tyrone Square Mall, and within a short distance of major medical centers such as Palms of Pasadena Hospital (2.1 miles) and Johns Hopkins All Children’s Hospital (6.5 miles). Other notable nearby attractions include Tropicana Field (5.2 miles), Treasure Island Beaches (3.1 miles), and Downtown St. Petersburg (6.0 miles), making this an excellent investment opportunity in a high-demand rental market.