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(386) 689-0160
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(386) 689-0160
diane@sbresortproperties.com
MLS# TB8418335 - 2000 DR MARTIN LUTHER KING JR STREET S ST PETERSBURG, FL 33705
Incredible investment opportunity! Being offered for two months only or the sellers will move forward with the project themselves. Value-add triplex located in an Opportunity Zone and a HUB zone with CRT-1 zoning and NTM-1 overlay meaning tons of use options and increased density along with amazing tax efficiencies. All three units are 2BR/1BA units. Additionally. the property is BLOCK construction, NON-flood zone, and comes with a 2 car garage. The remodel is already in progress with STAMPED plans, framing nearly complete, HVAC/ductwork installed, and newer plumbing and electric. The City of St. Petersburg has APPROVED $98,000 in transferrable grant funding through the Rebates for Affordable Residential Rehabs (RRR) program toward the total remodel cost of $244,700 with a general contractor ready to start right away. In return, the property qualifies for 15 years of affordable housing rentals. Current affordable rent for 2BR units in 33705 is $2,343/month, meaning this property would generate around $85,000 in income per year and almost half of the remodel cost would be covered through the grant program. Call today and seize one of the most lucrative multifamily opportunities!

COMPASS FLORIDA LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, My Florida Regional MLS DBA Stellar MLS. all rights reserved.
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS distributed by MLS GRID. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
South Beach Resort Properties, LLC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of South Beach Resort Properties, LLC, a broker participant of the My Florida Regional MLS DBA Stellar MLS. Stellar MLS data last updated at Aug 17 2025 3:01AM.

Incredible investment opportunity! Being offered for two months only or the sellers will move forward with the project themselves. Value-add triplex located in an Opportunity Zone and a HUB zone with CRT-1 zoning and NTM-1 overlay meaning tons of use options and increased density along with amazing tax efficiencies. All three units are 2BR/1BA units. Additionally. the property is BLOCK construction, NON-flood zone, and comes with a 2 car garage. The remodel is already in progress with STAMPED plans, framing nearly complete, HVAC/ductwork installed, and newer plumbing and electric. The City of St. Petersburg has APPROVED $98,000 in transferrable grant funding through the Rebates for Affordable Residential Rehabs (RRR) program toward the total remodel cost of $244,700 with a general contractor ready to start right away. In return, the property qualifies for 15 years of affordable housing rentals. Current affordable rent for 2BR units in 33705 is $2,343/month, meaning this property would generate around $85,000 in income per year and almost half of the remodel cost would be covered through the grant program. Call today and seize one of the most lucrative multifamily opportunities!

COMPASS FLORIDA LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, My Florida Regional MLS DBA Stellar MLS. all rights reserved.
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS distributed by MLS GRID. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
South Beach Resort Properties, LLC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of South Beach Resort Properties, LLC, a broker participant of the My Florida Regional MLS DBA Stellar MLS. Stellar MLS data last updated at Aug 17 2025 3:01AM.