5148 1st Avenue S, Saint Petersburg, FL 33707
Local realty services provided by:CENTURY 21 SUNBELT REALTY
Listed by: zach steinberger
Office: compass florida llc.
MLS#:TB8340916
Source:MFRMLS
Price summary
- Price:$700,000
About this home
Pre construction 8-unit multifamily property is one of the best development opportunities in Tampa Bay! The offering is for the land and plans. For an additional fee, the developer can deliver the site permit and shovel ready. Brand new construction means insurance and capital expenditures will be very low. This is a whole new asset class of new construction rental floor plans that are not yet available in the market! A dream come true for any savvy investor seeking an exceptional income-producing asset. This property offers a unique chance to capitalize on the thriving real estate market and secure a solid investment for years to come. Each of the 8 units have been thoughtfully planned to maximize space and functionality, ensuring optimal comfort and convenience for future residents and tenants. With a seamless flow between living areas, bedrooms, and kitchens, these units offer an ideal balance of privacy and open concept living. The interiors are a perfect blend of style and substance, featuring high-end finishes, premium fixtures, and top-of-the-line appliances. From the elegant LVP flooring to the designer lighting fixtures, every detail has been carefully curated to create an atmosphere of sophistication and refinement. As an investor, you'll be thrilled to know that this property is expected to operate as a 8% cap rate investment, with no capital expenditures required since it will be brand new construction. This means you can start generating income from day one without worrying about additional expenses. What's more, you have the opportunity to customize this property to your exact specifications. Floor plans, finishes, and every detail can still be decided on with the builder, allowing you to create a truly unique and personalized investment property. The developer is projecting a $1.5 million build for this exceptional multi-family property, ensuring a solid investment with a promising return on investment. Investors seeking a property with outstanding income potential need look no further. Don't miss out on this chance to be part of the thriving St Petersburg real estate market. Act now and seize the opportunity to own one of the best investment properties in all of Tampa Bay! Reach out today to discuss customization options and secure your place in this lucrative venture....
Contact an agent
Home facts
- Listing ID #:TB8340916
- Added:527 day(s) ago
- Updated:July 03, 2026 at 01:17 PM
Structure and exterior
- Lot area:0.26 Acres
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$700,000
- Tax amount:$1,604 (2024)
Features and amenities
- Amenities:Electricity Available
- Pool features:Public Pool
New listings near 5148 1st Avenue S
- New
$250,000Active2 beds 1 baths1,258 sq. ft.4678 13th Ave S, ST PETERSBURG, FL 33711
MLS# TB8525171Listed by: ORCHARD BROKERAGE, LLC - Open Sun, 11am to 1pmNew
$335,000Active2 beds 1 baths786 sq. ft.3620 3rd Avenue N, ST PETERSBURG, FL 33713
MLS# TB8524062Listed by: FIVE STAR REAL ESTATE OF FLORIDA LLC
$250,000Pending2 beds 1 baths1,064 sq. ft.525 Hampton Avenue Ne, ST PETERSBURG, FL 33703
MLS# TB8525645Listed by: CHARLES RUTENBERG REALTY INC- New
$165,000Active2 beds 2 baths1,150 sq. ft.1900 68th Street N #301, ST PETERSBURG, FL 33710
MLS# TB8525318Listed by: SMITH & ASSOCIATES REAL ESTATE - New
$405,000Active3 beds 3 baths1,713 sq. ft.5246 Neil Drive, ST PETERSBURG, FL 33714
MLS# TB8525274Listed by: NEXTHOME GULF COAST - New
$199,000Active2 beds 2 baths940 sq. ft.6100 12th Street S #107, ST PETERSBURG, FL 33705
MLS# TB8525352Listed by: FLORIDA REAL ESTATE ASSOCIATES
$199,900Active1 beds 1 baths562 sq. ft.4843 Coquina Key Drive Se #A, ST PETERSBURG, FL 33705
MLS# TB8520788Listed by: DICUS HARRISON REALTY- New
$875,000Active3 beds 2 baths2,058 sq. ft.292 Sunlit Cove Drive Ne, ST PETERSBURG, FL 33702
MLS# TB8525678Listed by: KELLER WILLIAMS ST PETE REALTY - New
$450,000Active4 beds 2 baths1,671 sq. ft.5931 Denver Street Ne, ST PETERSBURG, FL 33703
MLS# TB8525581Listed by: BAILEY BJUGAN LLC - New
$399,000Active3 beds 2 baths1,092 sq. ft.1524 Arizona Avenue Ne, ST PETERSBURG, FL 33703
MLS# TB8525634Listed by: BAILEY BJUGAN LLC