$795,000 Multifamily for Sale — 1105 Highland St N, St. Petersburg, FL 33701, USA

1105 Highland St N, St. Petersburg, FL 33701, USA

Summary

This is a multifamily property for sale at 1105 Highland St N, St. Petersburg, FL 33701, USA, listed at $795,000. The property has 4 units, 2,800 square feet, built in 1925. Financials show net operating income of $49,225, a 6.2% cap rate, gross income of $77,400 based on seller figures.

Key facts

Asking price: $795,000
Property type: Multifamily
Cap rate: 6.2%
NOI: $49,225
Gross income: $77,400
Occupancy: 100%
Price / unit: $198,750
Expense ratio: 35.1%
Units: 4
Building SF: 2,800
Lot (acres): 0.13
Year built: 1925

Description

Crescent Lake 4-Unit Multifamily Opportunity – St. Petersburg, FL Excellent opportunity to acquire a fully occupied 4-unit multifamily property in the desirable Crescent Lake area of St. Petersburg. All four units are 2-bedroom, 1-bathroom layouts, providing a consistent unit mix and strong rental appeal. The property features shared on-site laundry and is located in a highly desirable St. Petersburg neighborhood with convenient access to downtown, restaurants, shopping, parks, and major roadways. With all units currently occupied, this property offers an investor immediate in-place income with potential for future upside through rental growth and continued property improvements. Property Highlights: 4 total units All units are 2 bed / 1 bath 100% occupied Shared laundry on site Prime Crescent Lake location Strong rental demand Convenient access to Downtown St. Petersburg and surrounding amenities Value-add potential through future rent growth