10-Unit Apartment Building (St. Petersburg, FL)

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DESCRIPTION

Welcome to the Pearson Apartments, a 10-unit historic cottage court multifamily property that
is perfectly located in St. Petersburg’s Crescent Lake neighborhood in Florida. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies, a steady stream of rental income, and high potential for future appreciation in property value The Pearson has 8 one-bedroom units, and 2 studio units, all of the one-bedroom units have a screened in porch facing a beautiful, central courtyard complete with large oak shade trees. The property also includes off-street parking for most units, and on-site laundry facilities.

Contact kmurena@dvcattorneys.com with an offer or more info. 
DESCRIPTION

Welcome to the Pearson Apartments, a 10-unit historic cottage court multifamily property that
is perfectly located in St. Petersburg’s Crescent Lake neighborhood in Florida. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies, a steady stream of rental income, and high potential for future appreciation in property value The Pearson has 8 one-bedroom units, and 2 studio units, all of the one-bedroom units have a screened in porch facing a beautiful, central courtyard complete with large oak shade trees. The property also includes off-street parking for most units, and on-site laundry facilities.

Contact kmurena@dvcattorneys.com with an offer or more info.

This property is located in Flood Zone X: a low-risk flood zone for added peace of mind. Crescent Lake is only two blocks away, and Downtown St. Pete is a less than 2 miles from the property. asy access to major highways ensures convenient commutes to Tampa, both regional airports, and the stunning beaches of Pinellas County. Some of the units at the Pearson have been recently updated, providing tenants with modern comforts in an unbeatable location, and the other apartments await your finishing touches to bring them to the same condition. This property is being sold as-is. This is an outstanding opportunity to acquire a modernized, income-producing asset in the heart of St. Petersburg.

INVESTMENT HIGHLIGHTS

  • Great location! Near Crescent Lake & Downtown St. Petersburg

  • Off-street parking spaces

  • Close to restaurants & coffee shops

  • Laundry room

2001 Dr. Martin Luther King Jr St N, St. Petersburg, FL 33704

Please DO NOT DISTURB TENANTS / DO NOT WALK PROPERTY....Showing by appointment only please contact listing Agent with all questions and to set up showings.

For more information, view listing:

https://www.loopnet.com/Listing/2001-Dr-Martin-Luther-King-Jr-St-N-Saint-Petersburg-FL/35449764/