6538 42nd Avenue N Kenneth City, FL 33709
For Sale MLS# TB8458243
Other
Details for 6538 42nd Avenue N
MLS# TB8458243
Description for 6538 42nd Avenue N, Kenneth City, FL, 33709
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.
Listing Information
Property Type: Residential Income
Status: Active
Bedrooms: 16
Bathrooms: 8
Lot Size: 0.38 Acres
Square Feet: 5,028 sq ft
Year Built: 1958
Stories: 1 Story
Construction: Block
Subdivision: Fraze Acres
Foundation: Slab
Number Of Units Total: 8
County: Pinellas
School Information
Elementary: Westgate Elementary-Pn
Middle: Tyrone Middle-Pn
High: Dixie Hollins High-Pn
Additonal Room Information
Laundry: Washer Hookup, Electric Dryer Hookup
Interior Features
Appliances: Range, Refrigerator
Additional Interior Features: Ceiling Fan(s), Main Level Primary, Open Floorplan, Stone Counters
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,High Speed Internet Available,Municipal Utilities
Cooling: Ceiling Fan(s), Ductless
Heating: Other
Exterior / Lot Features
Parking Description: Common
Roof: Shingle
Additional Exterior/Lot Features: Other, Storage
Driving Directions
From I-275, head West on 38th Avenue N. Turn Right on 66th St N. Turn Right on 42nd Ave N. Property is behind restaurant.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 05-31-16-29430-001-0380
Tax Amount: 25553
Tax Year: 2024
A broker reciprocity listing courtesy: BAILEY BJUGAN LLC
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 6538 42nd Avenue N
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 6538 42nd Avenue N
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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