New Listing - 04/08/2025
4480 40TH STREET N, St. Petersburg, FL, 33714
10 beds
1969
4,954 sqft
Multi-Unit Investor Opportunity on Shaded Lot with Rental Income Minutes from Downtown St. Pete. Tucked beneath a canopy of mature trees on a generously shaded lot, this unique multi-unit property is a rare opportunity for the savvy investor. It is just minutes from downtown St. Petersburg, I-275, and US-19. Featuring five duplexes, including studio and 1-bedroom units, each with its own screened-in front porch, and a separate 2-bedroom single-family home, this income-producing compound is full of potential. While the structures are currently occupied and livable, some units may benefit from cosmetic updates and TLC, making this an ideal value-add investment. The layout and variety of units lend themselves well to long-term tenants, short-term rentals, or a mixed-use strategy. A quiet setting with old-Florida charm, this property invites you to reimagine its future. Whether you're looking to renovate and increase rental income or hold as-is, this is a chance to own a rare collection of units on a beautiful shaded lot. See attached PDF for details.
Status:
Active
Type:
Multi-family
Laundry Remarks:
None
Units:
11
Subdivision:
520000-520000
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Lot Size:
150 x 265
Acreage:
0.93
Est. Taxes:
$11,982
Construction
Block, Stucco, Wood Frame
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Lot Description:
Level
View Description:
Trees/Woods
Elementary School:
New Heights Elementary-PN
Middle School:
Tyrone Middle-PN
High School:
St. Petersburg High-PN
MLS #:
TB8367052
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Keller Williams Realty- Palm H Phone: 727-772-0772