503 & 509 69TH AVE St Pete Beach, FL 33706
4 Beds
5 Baths
2,094 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,094 sqft
Price per Sqft $382
Subdivision St Petersburg Beach 1St Add
MLS Listing ID TB8337608
Bedrooms 4
HOA Y/N No
Year Built 1941
Annual Tax Amount $6,400
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 150x100
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Pricing on the 2 income properties creates an 8% CAP rate. These 2 income-producing lots are being sold together as part of a larger 3 -property portfolio, which also includes an additional vacant lot—creating a rare and strategic redevelopment opportunity in the heart of St. Pete Beach. (Note: a 10-unit 2 lot opportunity can also create a larger portfolio - call for details).
Spanning CC-2 Commercial Corridor and UBV Urban Beach Village zoning, the portfolio offers exceptional flexibility for redevelopment, including short-term rentable townhomes, boutique lodging, or mixed-use concepts. The existing duplexes have consistently generated income, allowing buyers to benefit from cash flow while planning future development.
This package represents one of the lowest price-per-square-foot income-producing opportunities currently available in St. Pete Beach (excluding the vacant lot), making it a compelling option for investors focused on equity growth and long-term upside.
Portfolio Highlights:
**3 total lots (over 15,000 sq. ft. of land)
**5 existing rental units plus 1 vacant lot
**Proven rental history with established tenants
**Zoning that supports vacation rentals and redevelopment
**Prime location near beaches, dining, and entertainment
**Owner willing to offer up to 50% seller financing
Whether your goal is to hold for cash flow, reposition and redevelop, or secure a rare multi-lot footprint in one of Florida's strongest beach rental markets, this portfolio delivers unmatched flexibility and value.
Opportunities of this scale and zoning diversity in St. Pete Beach are increasingly rare.
Inquire today for details and to explore the full potential of this three-property offering or a five-property (15 rentals & vacant lot) offering.
Location
State FL
County Pinellas
Community St Petersburg Beach 1St Add
Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl
Zoning CC2
Interior
Interior Features Other
Heating Electric, Ductless
Cooling Wall/Window Unit(s)
Flooring Carpet
Fireplace false
Laundry None
Exterior
Exterior Feature Other
Parking Features None
Community Features Pool, Street Lights
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Public
Water Access Yes
Water Access Desc Beach,Gulf/Ocean
Roof Type Shingle
Porch Deck, Patio, Porch
Garage false
Private Pool No
Building
Lot Description Corner Lot, City Limits, Near Public Transit
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Membership Fee Required None
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8337608
NEARBY SCHOOL & BUSINESS
- 9
Pasadena Fundamental Elementary School
Public | KG - 5
- 1
Bear Creek Elementary
Public | PK - 5
- 0
Montessori by the Sea
Private | PK - 3
- 0
Sunflower Private School
Private | KG - 5
- 0
Gulfcoast Seventy-Day Adventist Elementary School
Private | KG - 8
- 0
Our Savior Lutheran School
Private | PK - 8
- 0
St Jude Cathedral School
Private | PK - 8
- 0
Admiral Farragut Academy
Private | PK - 12
- 0
Ami Kids Pinellas
Public | 6 - 12
- 0
Walden School
Private | 6 - 8
- 9
St. Petersburg Collegiate High School
Public | 9 - 12
- 4
Boca Ciega High School
Public | 9 - 12
- 0
St Petersburg Catholic High School
Private | 9 - 12