$845,000

Description

2440 9th Ave S presents an opportunity to acquire a 10-unit multifamily property in South St. Petersburg. The asset consists of a two-story apartment building constructed in 1925 and is positioned within a residential area that offers convenient access to Downtown St. Petersburg, Interstate 275, employment centers, retail amenities, dining destinations, and regional transportation routes. The property's location supports tenant accessibility to major commercial districts throughout Pinellas County while maintaining proximity to neighborhood services and daily conveniences. The building contains 10 apartment units and is situated on approximately 0.16 acres. The property's historic construction and residential zoning provide a foundation for investors seeking income-producing multifamily housing within an established urban submarket. St. Petersburg continues to benefit from a diverse economic base supported by healthcare, tourism, professional services, education, and technology employers, contributing to sustained residential demand throughout the market. The offering is marketed as an investment opportunity and is located within a designated Opportunity Zone, which may provide potential tax advantages for qualifying investments. The property's central location, established residential setting, and access to major transportation corridors position it within a market that serves both local workforce and regional housing demand. Investors have the opportunity to acquire a multifamily asset with an existing unit count in a market characterized by continued redevelopment activity and long-term residential growth.