LOT SIZE 0.260 acres
MLS#TB8340916
STATUSActive
PROPERTY TYPELand - Multiple
SUBDIVISIONBELLECREST HEIGHTS
Property Description
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.
Property Features
Property Type: Land - Multiple
Lot Size: 0.26 Acres
Taxes: $1,603
Feature Descriptions
Days on Site: 451
Directions: From 1st Ave S, head east towards downtown, and home is on the right on 51st St N block // From I275-S get off on 5th Ave N and turn left on 51st st N, turn left on 1st Ave S, lot is on the right
Flood Zone Code: X
Home Warranty Y/N: No
Lot Dimensions: 0.26
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: ShowingTime
Special Sale Provisions: None
Utilities: Electricity Available, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: COMPASS FLORIDA LLC
Agency Contact: 727-339-7902
Shown By
Agent Name: Michele Van Epps
Agent Phone:
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,895.65 per month $1,557.90 Principal & Interest $133.58 Property Tax $204.17 Homeowner's InsuranceChange Payment Information
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5148 1st Avenue S | MLS# TB8340916
This land located at 5148 1st Avenue S, Saint Petersburg, FL 33707 is currently listed for sale with an asking price of $700,000. The property has approximately 0.26 Acres. Search Saint Petersburg real estate on www.yourtampabayrealtor.com today.