The Corvette
Closed551 12th Ave NE, St Petersburg, FL 33701
Property type
Multifamily
Unit / Space count
10
Price
N/A
Building size
7,825 sf
Rentable area
7,825 SF
Year built
1960
Year renovated
Occupancy
100%
APN
17-31-17-03435-002-0160
Zoning code
Lot size
0.19 Acres
Unit mix
10x
-br
Bedroom count
Property description
The Corvette is a 10 unit multifamily property located in St. Petersburg, FL. The asset features 2-story, concrete block construction with a flat roof replaced in 2022. The property has been well maintained and is located in a prime location in the old northeast neighborhood of St. Pete and located 2 minutes from downtown. Unit interiors feature vinyl wood floors, stainless steel appliances, white cabinets, granite counters, modern lighting, baseboards, and upgraded hardware. The Corvette is within walking distance to the Vinoy Park waterfront venue and within 2 miles from Downtown St. Petersburg, Tropicana Field, and the new $92-million St. Pete Pier. The asset is located 8 blocks from 4th street, a major corridor featuring dozens of national retailers, employers, and restaurants. Nearby employers include St. Anthony’s Hospital, Albert Whitted Airport, University of South Florida - St. Pete Campus, Johns Hopkins All Children’s Hospital, Bayfront Health St. Petersburg, and Tropicana Field.
Property highlights
- 10 Unit Multifamily Community in the Historic Old Northeast Neighborhood of St. Petersburg, FL
- All Cash Sale to an Out of State Buyer Making First Acquisition in Florida
- Buyer Plans to Expand Upon Existing Upgrades to Capitalize on Rental Upside
- Located 1 Mile from Downtown St. Petersburg and 8 Blocks from 4th Street – A Main Corridor Featuring National Retailers and Restaurants
- Prime Location Walking Distance from Vinoy Park Waterfront Venue