2000 Dr Martin Luther King Jr Street S, ST PETERSBURG, FL 33705

Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
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2000 Dr Martin Luther King Jr Street S,ST PETERSBURG, FL 33705
$400,000
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  • 6 Beds
  • 3 Baths
  • 2,260 sq. ft.
  • Multi-family
  • Active
Listed by:zach steinberger
Office:compass florida llc.
MLS#:TB8418335
Source:MFRMLS

Price summary

  • Price:$400,000
  • Price per sq. ft.:$130.8

About this home

Incredible investment opportunity! Being offered for two months only or the sellers will move forward with the project themselves. Value-add triplex located in an Opportunity Zone and a HUB zone with CRT-1 zoning and NTM-1 overlay meaning tons of use options and increased density along with amazing tax efficiencies. All three units are 2BR/1BA units. Additionally. the property is BLOCK construction, NON-flood zone, and comes with a 2 car garage. The remodel is already in progress with STAMPED plans! The City of St. Petersburg has APPROVED $98,000 in transferrable grant funding through the Rebates for Affordable Residential Rehabs (RRR) program toward the total remodel cost of $244,700 with a general contractor ready to start right away. In return, the property qualifies for 15 years of affordable housing rentals. Current affordable rent for 2BR units in 33705 is $2,343/month, meaning this property would generate around $85,000 in income per year and almost half of the remodel cost

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Home facts

  • Year built:1959
  • Listing Id #:TB8418335
  • Added:2 day(s) ago
  • Updated:August 18, 2025 at 10:36 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Living area:2,260 sq. ft.

Structure and exterior

  • Roof:Shingle
  • Year built:1959
  • Building area:2,260 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$400,000
  • Price per sq. ft.:$130.8
  • Tax amount:$3,235 (2024)
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