Pre-Construction Multifamily Investment
5148 1ST Avenue S St Petersburg, FL 33707
For Sale
$700,000
LAND - ST PETERSBURG, FL
Lot Size0.26 Acres
Days on Market549
Property Features for 5148 1ST Avenue S
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 21-31-16-07182-003-0070
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- BELLECREST HEIGHTS BLK 3, LOTS 7 AND 8
- Tax Annual Amount
- 1604
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Water source
- Public
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
Zach Steinberger · License #3438328
(941) 539-7253
Added: Jan 21, 2025
Changed: Jul 20
Last Checked: Jul 24 at 11:06PM
MLS# TB8340916
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This pre-construction, 8-unit multifamily property represents a development opportunity in Tampa Bay, offered as land with included plans. For an additional fee, the developer can deliver the site permit ready for construction. The new construction is projected to operate as an 8% cap rate investment. The units have been planned to maximize space and functionality, ensuring comfort and convenience for future residents. Interiors feature high-end finishes, premium fixtures, and appliances, including LVP flooring and designer lighting fixtures. Customization options are available for floor plans and finishes. The developer projects a $1.5 million build for the property. The lot size is 0.26 acres. The property is located in St. Petersburg, FL.
Key Highlights
- Pre‑construction 8‑unit multifamily property offering a unique investment opportunity in the thriving Tampa Bay real estate market.
- Potential for an 8% cap rate investment with no capital expenditures required due to brand new construction.
- Opportunity to customize floor plans, finishes, and other details with the builder.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BAY AREA HANDLERS
Geriatric Care Provider
FAQs
What type of property is this?
Apartment building - Land and plans for an 8-unit multifamily property.
Where is this apartment building located?
The property is located at 5148 1ST Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Pre‑construction 8‑unit multifamily property offering a unique investment opportunity in the thriving Tampa Bay real estate market.; Potential for an 8% cap rate investment with no capital expenditures required due to brand new construction.; Opportunity to customize floor plans, finishes, and other details with the builder.
