6538 42nd Avenue N, Kenneth City, FL 33709
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: bailey bjugan
Office: dalton wade inc
MLS#:TB8458243
Source:MFRMLS
Price summary
- Price:$1,990,000
- Price per sq. ft.:$346.93
About this home
Introducing a premier multifamily investment opportunity in St. Petersburg, Florida. This fully renovated eight-unit commercial property delivers immediate cash flow with a proven rental history. The asset consists of eight spacious two-bedroom, one-bathroom units situated across four separate buildings, complemented by a private on-site parking lot. The property is fully leased and has been comprehensively updated, making it a true turnkey addition to any investment portfolio. All major capital improvements have already been completed, significantly reducing future maintenance exposure. Updates include new roofs on all buildings, updated windows, individual HVAC systems, added insulation for improved energy efficiency and pest prevention, and in-unit washers and dryers throughout. Exterior improvements enhance long-term value and tenant appeal, featuring upgraded landscaping, new fencing, fresh exterior paint, and a dedicated bike rack for residents. Each unit has been thoughtfully renovated with consistency and quality in mind. Kitchens showcase shaker-style cabinetry, granite countertops, and stainless steel refrigerators and stoves. Bathrooms have been fully updated with modern tilework, vanities, fixtures, and hardware. Additional interior upgrades include new baseboards and crown molding across all units, reflecting a high standard of finish rarely found in comparable properties. Located outside of a flood zone, this asset offers additional peace of mind for long-term ownership. Its central St. Petersburg location provides easy access to schools, shopping, dining, entertainment, public transportation, and major thoroughfares, further supporting strong tenant demand. This is an exceptional opportunity for investors seeking a stabilized, professionally updated multifamily property with immediate income and minimal deferred maintenance in one of Tampa Bay’s most desirable rental markets....
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Home facts
- Year built:1958
- Listing ID #:TB8458243
- Added:85 day(s) ago
- Updated:March 18, 2026 at 12:32 PM
Rooms and interior
- Bedrooms:16
- Total bathrooms:8
- Kitchen Description:Range, Refrigerator, Stone Counters
- Bedroom Description:Primary Bedroom Main Floor
- Living area:5,028 sq. ft.
Heating and cooling
- Cooling:Mini-Split Unit(s)
Structure and exterior
- Roof:Shingle
- Year built:1958
- Building area:5,028 sq. ft.
- Lot area:0.38 Acres
- Construction Materials:Block
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Dixie Hollins High-PN
- Middle school:Tyrone Middle-PN
- Elementary school:Westgate Elementary-PN
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$1,990,000
- Price per sq. ft.:$346.93
- Tax amount:$25,553 (2024)
Features and amenities
- Appliances:Range, Refrigerator
- Laundry features:Electric Dryer Hookup, Washer Hookup
- Amenities:BB/HS Internet Available, Cable Available, Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Stone Counters
- Pool features:Public Pool
Parking
- Parking description:Common
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