5148 1st Avenue S, Saint Petersburg, FL 33707
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles 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:444 day(s) ago
- Updated:April 12, 2026 at 12:07 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
$287,500Pending2 beds 2 baths1,589 sq. ft.4555 6th Avenue N, ST PETERSBURG, FL 33713
MLS# TB8496679Listed by: FUTURE HOME REALTY INC- New
$449,900Active4 beds 2 baths1,265 sq. ft.3997 Marlin Drive Se, ST PETERSBURG, FL 33705
MLS# TB8496364Listed by: PARTNER AGENT REALTY INC - New
$279,900Active2 beds 2 baths960 sq. ft.4831 Fairfield Avenue S, ST PETERSBURG, FL 33711
MLS# TB8495820Listed by: DALTON WADE INC - New
$342,500Active3 beds 2 baths1,060 sq. ft.3445 40th Street N, ST PETERSBURG, FL 33713
MLS# O6398368Listed by: CHARLES RUTENBERG REALTY ORLANDO - New
$1,175,000Active5 beds 4 baths2,976 sq. ft.467 34th Avenue N, ST PETERSBURG, FL 33704
MLS# TB8496705Listed by: KELLER WILLIAMS ST PETE REALTY - New
$349,000Active2 beds 2 baths1,175 sq. ft.5220 Brittany Drive S #409, ST PETERSBURG, FL 33715
MLS# TB8496135Listed by: RE/MAX PREFERRED - New
$279,900Active3 beds 2 baths1,152 sq. ft.6131 42nd Avenue N, ST PETERSBURG, FL 33709
MLS# TB8496434Listed by: REALTY EXPERTS - New
$1,495,000Active5 beds 4 baths3,305 sq. ft.5204 10th Street N, ST PETERSBURG, FL 33703
MLS# TB8496699Listed by: KELLER WILLIAMS ST PETE REALTY - Open Sat, 1am to 3pmNew
$565,000Active2 beds 2 baths1,764 sq. ft.2159 Barcelona Way S, ST PETERSBURG, FL 33712
MLS# TB8494944Listed by: KELLER WILLIAMS ST PETE REALTY - New
$220,029Active3 beds 3 baths1,482 sq. ft.6642 27th Street N, ST PETERSBURG, FL 33702
MLS# TB8495748Listed by: REALTY ONE GROUP SUNSHINE