1. Anthoney Hamrick, REALTOR ®
  2. Tropic Shores Realty
  • MLS#: TB8458243 ( Residential Income )
  • Street Address: 6538 42nd Avenue N
  • Viewed: 209
  • Price: $1,990,000
  • Price sqft: $347
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 5736
  • Bedrooms: 16
  • Total Baths: 8
  • Days On Market: 22
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Property Photos
6538 42nd Avenue N
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PRICED AT ONLY: $1,990,000

Address: 6538 42nd Avenue N, KENNETH CITY, FL 33709

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Description
Introducing a premier multifamily investment opportunity in St. Petersburg, Florida. This fully renovated eight unit commercial property delivers immediate cash flow with a proven rental history. The asset consists of eight spacious two bedroom, one bathroom units situated across four separate buildings, complemented by a private on site parking lot. The property is fully leased and has been comprehensively updated, making it a true turnkey addition to any investment portfolio. All major capital improvements have already been completed, significantly reducing future maintenance exposure. Updates include new roofs on all buildings, updated windows, individual HVAC systems, added insulation for improved energy efficiency and pest prevention, and in unit washers and dryers throughout. Exterior improvements enhance long term value and tenant appeal, featuring upgraded landscaping, new fencing, fresh exterior paint, and a dedicated bike rack for residents. Each unit has been thoughtfully renovated with consistency and quality in mind. Kitchens showcase shaker style cabinetry, granite countertops, and stainless steel refrigerators and stoves. Bathrooms have been fully updated with modern tilework, vanities, fixtures, and hardware. Additional interior upgrades include new baseboards and crown molding across all units, reflecting a high standard of finish rarely found in comparable properties. Located outside of a flood zone, this asset offers additional peace of mind for long term ownership. Its central St. Petersburg location provides easy access to schools, shopping, dining, entertainment, public transportation, and major thoroughfares, further supporting strong tenant demand. This is an exceptional opportunity for investors seeking a stabilized, professionally updated multifamily property with immediate income and minimal deferred maintenance in one of Tampa Bays most desirable rental markets.
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  •   Home Insurance $
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other, Storage
  • Living Area: 5028.00
  • Roof: Shingle
School Information
  • High School: Dixie Hollins High-PN
  • Middle School: Tyrone Middle-PN
  • School Elementary: Westgate Elementary-PN
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Common
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Mini-Split Unit(s)
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Range, Refrigerator
  • Country: US
  • Interior Features: Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Stone Counters
  • Legal Description: FRAZE ACRES BLK 1, LOTS 38 & 39
  • Levels: One
  • Area Major: 33709 - St Pete/Kenneth City
  • Occupant Type: Tenant
  • Parcel Number: 05-31-16-29430-001-0380
  • Views: 209
  • Zoning Code: RM-15
Headshot for Associate Anthoney Hamrick
  1. Anthoney Hamrick, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 352.345.3718
  4. findmyflhome@gmail.com