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6538 42nd Avenue N, KENNETH CITY, FL 33709
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Priced at Only: $1,990,000
For more Information Call:
(352) 279-4408
Address: 6538 42nd Avenue N, KENNETH CITY, FL 33709
Property Location and Similar Properties
- MLS#: TB8457636 ( Commercial Sale )
- Street Address: 6538 42nd Avenue N
- Viewed: 4
- Price: $1,990,000
- Price sqft: $347
- Waterfront: No
- Year Built: 1958
- Bldg sqft: 5736
- Days On Market: 6
- Additional Information
- Geolocation: 27.8097 / -82.7277
- County: PINELLAS
- City: KENNETH CITY
- Zipcode: 33709
- Subdivision: Fraze Acres
- Provided by: DALTON WADE INC
- Contact: Bailey Bjugan
- 888-668-8283

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DescriptionIntroducing 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 Bays most desirable rental markets.
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Building and Construction
- Covered Spaces: 0.00
- Flooring: Terrazzo
- Living Area: 5028.00
- Roof: Shingle
Property Information
- Property Condition: Completed
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Parking Spaces - 6 to 12, Common
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Mini-Split Unit(s)
- Heating: Electric
- Road Frontage Type: Other
- Sewer: Public Sewer
- Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 117000.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Appliances: Refrigerator
- Country: US
- Legal Description: FRAZE ACRES BLK 1, LOTS 38 & 39
- Levels: One
- Area Major: 33709 - St Pete/Kenneth City
- Occupant Type: Tenant
- Parcel Number: 05-31-16-29430-001-0380
- Possession: Close Of Escrow
- Zoning Code: RM-15
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