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The Anderson

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

Total Number of Units: 19

List Price: $1,800,000

Cap Rate Year 0: 12.36%

Cap Rate EOY 1: 16.07%

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


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