The Anderson

Address: 424 2nd Street North, St. Petersburg, FL 33701

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Total Number of Units: 19

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List Price: $1,800,000

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Cap Rate Year 0: 12.36%

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Cap Rate EOY 1: 16.07%

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Investment Highlights

• Highly Desirable Location in the Heart of Growing Downtown St. Petersburg

• Renovated in 2021 with Interior and Exterior Paint, Life Proof Vinyl Plank Wood Flooring Throughout and New Furnishings

• DC-2, Downtown Core Zoning which Allows for Intense Residential Development with a Mixture of Potential Uses

• Property Boasts a Hotel License for Flexibility in Business Plan

• All Units are Completely Furnished

• Prime Location in Downtown St. Petersburg with Excellent Walkability/Bikeability

• Over $200,000 of Capital Improvements in 2014 through 2021

• New Roof in 2015

• Within 20 Minutes to St. Pete Beach Ranked #1 Beach in 2020 by TripAdvisor

• Top 20 Cities for Young Professionals by Forbes

• #2 America’s Fastest Growing Cities by Forbes