Under contract-accepting backup offers. Prime Income-Producing Opportunity in Old Northeast! This well-maintained bungalow style multi-unit property in the heart of St Pete offers a fantastic investment potential with five rental units and the perfect blend of space and functionality. This wonderful multi family home did NOT flood during Hurricane Helene or Hurricane Milton and sits HIGH & DRY! The main building features four units—two downstairs and two upstairs. The spacious downstairs unit boasts 2 bedrooms and 1 bath, while the remaining three units are 1-bedroom, 1-bath apartments. The main-level units enjoy outdoor patios, perfect for tenant relaxation. A charming 1-bedroom, 1-bath cottage sits at the rear of the property, adding to the rental income potential. The property includes a detached 2-car garage, which could be converted into an additional apartments or rented as storage space. Tenants have access to a community laundry area with a coin-operated washer and dryer, as well as a courtyard, street parking, and three additional dedicated parking spaces. All units are on separate electric meters, water is on 1 meter that is paid by owner. Centrally located, this property is close to Downtown St. Pete, Vinoy Park, St. Pete Pier, specialty shopping, and waterfront dining. Whether you're looking to expand your portfolio or start fresh, this property offers prime rental potential in an unbeatable location!