Crescent Heights 2531 5th ST North MLS#: U8178959

2531 5th St N

House - St Petersburg Florida

A rare opportunity to buy a fully furnished multifamily property in the Crescent Heights neighborhood with a cap rate of above 7%.

This property is in one of the highly desirable areas in Downtown St. Pete, and is within the walking distance to many shops, restaurants Trader Joe’s, Fresh
Market, Crescent Lake Park, Tampa Bay, and Saint Pete Pier and Marina.

Only minutes away from the beautiful downtown St. Pete, you will have the benefits of being close to all that the vibrant and lively downtown has to offer. This unique Mid Century style architecture home is located in a large corner lot (50×129) with two separate driveways and additional space for a pool.

This Income-producing property has two separate buildings, and in total, there are 4 bedrooms, 3 bathrooms, 2 kitchens, 1 kitchenette, 3 living rooms, and 2 dining rooms. The main home is 3bed-2bath including a 1 bedroom Studio with kitchenette and large bath. The other section is a detached 600sf 1 bed- 1 bath.

This home is perfect for a family who would like to live in one part of the building while renting out the other part and still maintaining their complete privacy. The buildings are completely detached and have two separate entrances from two different streets. You must see this exceptional building to truly appreciate it!

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