St. Pete Multi-Family

**PENDING - ACCEPTING BACKUP OFFERS** Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three-income-producing property in Pinellas County has endless value-add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884 for 2024, with a CAP rate of 5.2%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner. Financials and Offering Memorandum available upon request.