SoldOct 14, 2025

Listed by Zach Steinberger from COMPASS FLORIDA LLC

, 

Bought with Traci Emery-Jones from IVY LEAGUE REALTY

Source: Stellar MLS #TB8418335

2000 Dr Ml King Street South, St. Petersburg, FL, 33705

$312,500

6
3
2
3058 sq. ft.
4691 sq. ft.

Duplex

•

30+ days on the market

Sold: Oct 14, 2025

What's around 2000 Dr Ml King Street South

About this property

Incredible investment opportunity! Being offered for TWO MORE WEEKS 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! Remodel cost of $244,700 with a general contractor ready to start right away. Current affordable rent for 2BR units in 33705 is $2,343/month, meaning this property could 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!

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