PENDING - St. Pete Multi-Family

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 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 five unit at the back. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estrimates Net Operating Income (NOI) of the last 12 months is $62,765.64, with a CAP rate of 6.3% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 7 fully furnished units, it is ready to go for the next owner. Financials and Offering Memorandum available upon request.