About 3365 57th Avenue N
Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three-income-producing property in Pinellas County has endless value-add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.
Features of 3365 57th Avenue N
| MLS® # | TB8339945 |
|---|---|
| Price | $995,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,800 |
| Acres | 0.15 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
| Taxes | $19,022 |
| HOA Fees | $0 |
| CDD | N |
Community Information
| Address | 3365 57th Avenue N |
|---|---|
| Area | St Pete |
| Subdivision | ARCADIAN HEIGHTS |
| City | ST PETERSBURG |
| County | Pinellas |
| State | FL |
| Zip Code | 33714 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Ceiling Fans(s), Other |
|---|---|
| Appliances | Microwave, Range, Refrigerator |
| Heating | Ductless |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Courtyard, Other, Storage |
|---|---|
| Roof | Shingle |
| Foundation | Pillar/Post/Pier |
School Information
| Elementary | Lealman Avenue Elementary-PN |
|---|---|
| Middle | Meadowlawn Middle-PN |
| High | Northeast High-PN |
Additional Information
| Date Listed | January 29th, 2025 |
|---|---|
| Days on Market | 102 |
| Zoning | R-4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | ENGEL & VOLKERS ST. PETE |
|---|