Wade M. Berlin

Exceptional Multifamily Investment Opportunity! Introducing a great opportunity to acquire a fully occupied, income producing multifamily property in one of St. Petersburgs most desirable neighborhoods: Euclid St. Pauls. Ideally positioned near the Historic Uptown and Crescent Lake districts, this charming 1925 built asset is located at 1327 17th Avenue North, with convenient access to the northern units via 17th Terrace North. The property consists of two well maintained buildings totaling 2,288 square feet, configured as four thoughtfully designed 1 bedroom unitsall currently leased. With a current cap rate of 6.1%, this is a solid performer with the potential for increased returns through a few minor interior improvements. Situated in a high demand rental submarket, this property offers full occupancy with consistent rental income, strong historical performance, and excellent tenant retention. Classic 1920s architecture is paired with modern updates, creating a timeless appeal for residents. The location provides easy access to downtown St. Pete, nearby parks, and major retail corridors, making it an attractive option for tenants and a stable, appreciating asset for investors. Zoned NT 2 and ideally suited for low rise, garden style multifamily ownership, this is a rare chance to secure a turn key property with both immediate cash flow and long term value in a thriving St. Petersburg neighborhood. Contact us today to schedule a private tour!