Pre-Construction Multifamily Investment
For Sale
$700,000
5148 1ST AVENUE S, St Petersburg, FL 33707
Land and plans for an 8-unit multifamily property.
Property SizeContact for details
Lot Size0.26 Acres
Days on Market567
Property Features for 5148 1ST AVENUE S
General Information
Standard status
Active
Lot size
0.26 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$1,604
Amenities
Pool
Public Pool
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
ZACH STEINBERGER · License #3438328
Source:
Corcoran
Added: Jan 22, 2025
Changed: Aug 8
Last Checked: Jul 16 at 6:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This pre-construction 8-unit multifamily property presents a development opportunity in Tampa Bay, offered as land and plans. For an additional fee, the developer can deliver the site permit and shovel-ready site. The new construction is projected to yield low insurance and capital expenditures. The units have been planned to maximize space and functionality, with a flow between living areas, bedrooms, and kitchens. Interiors feature high-end finishes, premium fixtures, and appliances, including LVP flooring and designer lighting fixtures. The property is expected to operate as an 8% cap rate investment, with no capital expenditures required initially. Customization options are available with the builder for floor plans and finishes. The developer projects a $1.5 million build for the property. This property is located in St Petersburg, Florida.
Key Highlights
- Pre‑construction 8‑unit multifamily property offering a rare development opportunity in Tampa Bay.
- Potential for an 8% cap rate investment with no capital expenditures required due to new construction.
- Opportunity to customize floor plans, finishes, and other details with the builder.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
Explore this area
Business Placement
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land and plans for an 8-unit multifamily property.
Where is this residential land & home lot 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 rare development opportunity in Tampa Bay.; Potential for an **8% cap rate investment** with no capital expenditures required due to new construction.; Opportunity to customize floor plans, finishes, and other details with the builder.
