3600 Dr Martin Luther King Jr St., St. Petersburg, FL 33705

The property consists of 12 apartment units with One 2-Bedroom/2-Bath, two 2-Bedroom/1-Bath and Nine 1-Bedroom/1-Bath units that are 940 sqft each. 

The property is located directly across from Lake Maggori, Lake Maggori Public Park and the Boyd Hill Nature Preserve, a 245 Acre award winning park consisting of 6 miles of trails, boardwalks and nature. The views will never be obstructed by development due to it being preserved land. 

The property has been in the same ownership for the last 18 years and should be considered a value add acquisition, as rents are far below market standards, that could be achieved with interior and exterior renovations. The 2 story property is concrete block construction with flat roofs and covered carport parking.
Additional revenue could be garnered with the installation of onsite laundry facility’s, storage areas and sub metering systems. The property has maintained a consistently high occupancy level and benefits from excellent frontage on 9th St S.