5148 1st Avenue S, Saint Petersburg, FL 33707
Local realty services provided by:ERA ONETEAM 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:428 day(s) ago
- Updated:March 27, 2026 at 12:00 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
$619,000Active2 beds 3 baths1,389 sq. ft.100 4th Avenue S #140, ST PETERSBURG, FL 33701
MLS# TB8486786Listed by: KELLER WILLIAMS ST PETE REALTY - Open Sun, 11am to 2pmNew
$825,000Active10 beds 6 baths2,378 sq. ft.2844 30th Avenue N, ST PETERSBURG, FL 33713
MLS# W7884253Listed by: MAYNARD PROPERTY GROUP LLC - New
$289,900Active-- beds -- baths414 sq. ft.13343 Gulf Boulevard #D14, ST PETERSBURG, FL 33708
MLS# TB8491141Listed by: J LONG REALTY GROUP LLC - New
$299,000Active2 beds 2 baths1,500 sq. ft.5745 Calais Boulevard N #2, ST PETERSBURG, FL 33714
MLS# A4687589Listed by: PREMIER SOTHEBY'S INTERNATIONAL REALTY - New
$359,000Active2 beds 2 baths1,130 sq. ft.4900 Brittany Drive S #301, ST PETERSBURG, FL 33715
MLS# TB8488142Listed by: REALTY ONE GROUP BEYOND - New
$599,900Active2 beds 2 baths1,560 sq. ft.1307 Pelican Creek Crossing #1307, ST PETERSBURG, FL 33707
MLS# TB8489927Listed by: RE/MAX PREFERRED - New
$1,690,000Active5 beds 3 baths2,886 sq. ft.1330 Cherry Street Ne, ST PETERSBURG, FL 33701
MLS# O6393648Listed by: THE SIMON SIMAAN GROUP - New
$209,000Active-- beds 1 baths425 sq. ft.130 4th Avenue N #106, ST PETERSBURG, FL 33701
MLS# TB8489148Listed by: KELLER WILLIAMS ST PETE REALTY - Open Sat, 11am to 1pmNew
$475,000Active3 beds 2 baths1,130 sq. ft.3911 14th Avenue N, ST PETERSBURG, FL 33713
MLS# TB8489230Listed by: KELLER WILLIAMS ST PETE REALTY - New
$229,000Active3 beds 2 baths1,296 sq. ft.6817 Mount Pleasant Road Ne #49, ST PETERSBURG, FL 33702
MLS# TB8490522Listed by: BAREFOOT REALTY GROUP