FL > Kenneth City > Fraze Acres
Kenneth City, FL 33709,6538 42ND AVE N
Kenneth City, FL 33709,6538 42ND AVE N
Kenneth City, FL 33709,6538 42ND AVE N
Additional details
Alison Connors

Alison Connors

+1(813) 758-3063
$1,990,000
Est. payment /mo
16 Beds
8 Baths
5,028 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,028 sqft

Price per Sqft $395

Subdivision Fraze Acres

MLS Listing ID TB8458243

Bedrooms 16

HOA Y/N No

Year Built 1958

Annual Tax Amount $25,553

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Multi Family

Source Stellar MLS

Property 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 Bay's most desirable rental markets.

Location

State FL

County Pinellas

Community Fraze Acres

Area 33709 - St Pete/Kenneth City

Zoning RM-15

Direction N

Interior

Interior Features Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Stone Counters

Heating Other

Cooling Mini-Split Unit(s)

Fireplace false

Appliance Range, Refrigerator

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Other, Storage

Parking Features Common

Utilities Available BB/HS Internet Available, Cable Available, Public

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Schools

Elementary Schools Westgate Elementary-Pn

Middle Schools Tyrone Middle-Pn

High Schools Dixie Hollins High-Pn

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8458243

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Stellar MLS
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Bailey Bjugan DALTON WADE INC

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Alison Connors

Alison Connors

+1(813) 758-3063

Team Leader | Broker's Associate

Team Leader | Broker's Associate

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