Bought with
$312,500
$350,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
2000 DR MARTIN LUTHER KING JR ST S St Petersburg, FL 33705
6 Beds
3 Baths
2,260 SqFt
Key Details
Sold Price $312,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,260 sqft
Price per Sqft $138
Subdivision Homeville 2 Add
MLS Listing ID TB8418335
Sold Date 10/14/25
Bedrooms 6
HOA Y/N No
Year Built 1959
Annual Tax Amount $3,235
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 43x110
Property Sub-Type Triplex
Source Stellar MLS
Property Description
Incredible investment opportunity! Being offered for TWO MORE WEEKS ONLY or the sellers will move forward with the project themselves. Value-add triplex located in an Opportunity Zone and a HUB zone with CRT-1 zoning and NTM-1 overlay meaning tons of use options and increased density along with amazing tax efficiencies. All three units are 2BR/1BA units. Additionally. the property is BLOCK construction, NON-flood zone, and comes with a 2 car garage. The remodel is already in progress with STAMPED plans! Remodel cost of $244,700 with a general contractor ready to start right away. Current affordable rent for 2BR units in 33705 is $2,343/month, meaning this property could generate around $85,000 in income per year and almost half of the remodel cost would be covered through the grant program. Call today and seize one of the most lucrative multifamily opportunities!
Location
State FL
County Pinellas
Community Homeville 2 Add
Area 33705 - St Pete
Direction S
Interior
Interior Features Ninguno
Heating None
Cooling None
Fireplace false
Laundry None
Exterior
Exterior Feature Lighting, Storage
Garage Spaces 2.0
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Attached Garage true
Garage true
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Read Less
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