779 4th Ave N - Apartments FOR SALE


Saint Petersburg, FL 33701- Mirror Lake
$2,100,000 USD
585-739-2041
779 4th Ave N, Saint Petersburg, FL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/32
null | 6.4% Cap Rate

779 4th Ave N
Saint Petersburg, FL 33701
Mirror Lake


HIGHLIGHTS

  • Recently remodeled
  • Prime Location

OVERVIEW

FOR SALE: PRIME 15-UNIT APARTMENT BUILDING IN DOWNTOWN ST. PETERSBURG, FL Unlock a rare investment opportunity in the heart of vibrant downtown St. Petersburg, Florida! The Uptown Historic Flats, a 15-unit apartment complex (a 4-plex and an adjoining 11-unit building), boasts a perfect blend of location, convenience, and charm, making it a standout asset in the rapidly growing St. Petersburg market. We present renters with a rare value proposition because the volume of apartments in the area are either Class A with much higher nominal rents or very deteriorated older product. The character and pride in the property have been emphasized at the Uptown Flats which is why we rarely have any vacancies and rents are consistently increasing. Property Highlights: • Prime Location: Minutes away from Central Ave, Mirror Lake, Round Lake, world-class dining, shopping, art galleries, and the waterfront. • Modern Units: Updated apartments with a mix of 1-bedroom and studio layouts to suit a variety of tenants. • Amenities: On-site parking, secure entry, and a communal outdoor space for tenant relaxation. • High Demand: Located in one of Florida’s fastest growing and most desirable downtown areas. • Income Potential: Strong rental history with stable occupancy rates and excellent cash flow. Why Downtown St. Pete? Known for its bustling arts scene, lively entertainment, and picturesque waterfront, downtown St. Petersburg attracts professionals, retirees, and families alike. This property offers tenants a walkable lifestyle with proximity to the area's top attractions, including Central Ave., the Salvador Dalí Museum, Vinoy Park, and Tropicana Field. Investment Appeal: • Appreciation: Capitalize on the area's sustained growth, property value increases and attractive risk-return profile. • Turnkey: Recently renovated, fully operational property with a unique property management system in place, resulting in increased income. • Future Opportunities: Prime location for future redevelopment and located in a Qualified HUBZone This is your chance to own a cornerstone property in one of Florida’s most dynamic cities. Don’t miss out on this unparalleled opportunity to grow your portfolio with a premium downtown asset. For more information or to schedule a viewing, call Pete Jamanis at 610-214-3045 or email AGIMHoldings@gmail.com Act now—properties like this don't stay on the market for long!

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

15

PRICE/UNIT

$140,000

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Uptown Historic Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RMF

APN/PARCEL ID

19-31-17-53622-000-0060,19-31-17-53622-000-0061

ASK ABOUT THIS PROPERTY

Peter JamanisPanos Jamanis- 409 8th St NMore Info
585-739-2041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Peter JamanisPanos Jamanis- 409 8th St NMore Info
585-739-2041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.