Multi-Family

324 – 330 Grove Street North Street

  • grove-1
  • grove-2
  • grove-5
  • grove-330
  • grove-3
  • grove-4
  • grove-7
  • grove-6
  • grove-10
  • grove-9
  • grove-11
  • grove-8

Property Snapshot

Address
324 - 330 Grove St. N.
St. Petersburg, FL 33701
Purchase Price
$3,700,000.00
Number of Units
17
% Increase in Rents
Since Closing
11.95%
Projected IRR
16.69%

17-unit multifamily property, known as The Lawtone Apartments, in a well-maintained boutique multifamily community in Downtown St. Petersburg, Florida.

The Lawtone Apartments consist of 2 buildings built in 1925 & 1928. It offers residents renovated apartments with modern finishes in a prime St. Petersburg location – steps away from Downtown. The buildings sit on 0.23 acres with a combined square footage of 14,482 SF. The unit mix is made up of 1 studio and 16 One Bed + One Bath units.

Nearby employers & national retailers include Publix, Starbucks, St. Anthony’s Hospital, Bayfront Health Hospital, Johns Hopkins All Children Hospital, Tropicana Field (home to the Tampa Bay Rays), and the University of South Florida – St. Pete Campus. In close proximity to Central Avenue, VinoyPark, St. Pete Pier, and Al Lang Stadium, offering shopping, entertainment and dining options.

Nearby employers & national retailers include Publix, Starbucks, St. Anthony’s Hospital, Bayfront Health Hospital, Johns Hopkins All Children Hospital, Tropicana Field (home to the Tampa Bay Rays), and the University of South Florida – St. Pete Campus. In close proximity to Central Avenue, VinoyPark, St. Pete Pier, and Al Lang Stadium, offering shopping, entertainment and dining options.