1121 Beach Drive NESt Petersburg, FL 33701Price: $1,499,000

Under contract-accepting backup offers. Situated in Old Northeast - this 5 unit apartment complex is an exceptional location and an opportunity not to be missed! The oversized lot 79' x 160' is just steps to North Shore waterfront park and just 6 blocks north of downtown St Pete with walkability to all that downtown has to offer. Comprised of ONE - 2 bedroom, 2 bath unit (1,000 sq ft MOL) with central AC; and FOUR - 1 bedroom, 1 bath units (500 sq ft MOL) with newer mini splits - the 2 bedroom unit would make an excellent owner's unit and offers access to the rear patio. Classic mid century charm and exceptional condition - each unit features the original kitchen with stainless steel appliances and bathrooms have perfect condition mid-century tile. Several of the units have beautiful polished terrazzo flooring. Built in 1953, solid block construction with stucco exterior, the two story building has 3,078 rentable square feet, Off street parking available for each unit and 4 covered carport parking spaces. One car garage for storage or tenant use with onsite laundry. No Flood Zone. Each unit metered separately for electric. Roof 2016. Potential redevelopment site due to the desirability of its unique location in one of the most coveted areas in the City. Zoned RM-15, zoning does not permit vacation rentals. Owner has active rental licenses with City of St Pete. Please do not disturb tenants - appointment only.