KENNETH CITY, FL 33709 6538 42ND AVENUE N

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Presented By: DALTON WADE INC with 888-668-8283. - 888-668-8283
  • MLS# TB8458243
  • 12/22/2025
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 16
  • Baths • 8
  • SQFT • 5,028

Home Details

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.
Presented By: DALTON WADE INC with 888-668-8283. - 888-668-8283

Interior Features for 6538 42ND AVENUE N

Bedrooms

Total Bedrooms16

Bathrooms

Total Baths8

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Open Floorplan, Primary Bedroom Main Floor, Stone Counters
Laundry FeaturesElectric Dryer Hookup, Washer Hookup

General for 6538 42ND AVENUE N

Additional Parcels Y/NNo
AppliancesRange, Refrigerator
Building Area UnitsSquare Feet
Carport Y/NNo
CityKENNETH CITY
Construction MaterialsBlock
CoolingMini-Split Unit(s)
CountyPinellas
DirectionsFrom I-275, head West on 38th Avenue N. Turn Right on 66th St N. Turn Right on 42nd Ave N. Property is behind restaurant.
Elementary SchoolWestgate Elementary-PN
Flood Zone CodeX500
Flood Zone Code X500Y
Garage Y/NNo
HeatingOther
High SchoolDixie Hollins High-PN
Land Lease Y/NNo
Legal DescriptionFRAZE ACRES BLK 1, LOTS 38 & 39
LevelsOne
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet16544
Lot Size UnitsSquare Feet
MLS Area33709 - St Pete/Kenneth City
Middle/Junior High SchoolTyrone Middle-PN
New ConstructionNo
Number Of Units Total8
Occupancy TypeTenant
OwnershipFee Simple
Property SubtypeMulti Family
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameFRAZE ACRES
Tax Annual Amount25553
Tax Lot38
Tax Year2024
UtilitiesBB/HS Internet Available, Cable Available, Public
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1958
ZoningRM-15

Exterior for 6538 42ND AVENUE N

Building Area Total5736
Exterior AmenitiesOther, Storage
Foundation DetailsSlab
Lot Size Acres0.38
Lot Size Area16544
Number of Buildings4
Parking FeaturesCommon
Private PoolNo
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Steven Pugh

Broker Associate | Team Leader
Price $1,990,000
MLS#TB8458243
List Date 12/22/2025
Property Type Income
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