5900 22nd N Ave Saint Petersburg, FL 33710-4228
Property profile & analytics
5900 22nd N Ave Saint Petersburg, FL 33710-4228
- Apartment buildings
- 16,240 SF
- 0.52 lot acres
Property ID
US18-5414054
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 5900 22nd N Ave
- Year built
- 1969
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.52 lot acres
- Property size
- 16,240 SF
- Property type
- Apartment buildings
- APN
- 17-31-16-30186-009-0070
- APU
- 173116301860090070
Description
This exceptional Class A, 16-unit apartment building presents a compelling investment opportunity in St. Petersburg, Florida. Boasting 16,240 square feet on a 22,598 square foot lot, the property features a mix of unit sizes: six three-bedroom, nine two-bedroom, and one one-bedroom apartment. Built in 1969 and extensively renovated in 2022, this two-story building offers modern amenities and ample living space within each unit, contributing to high tenant satisfaction and retention. The property's strong financial performance is reflected in its current NOI of $214,411 and a pro-forma NOI of $264,411, translating to a 6.55% cap rate and a pro-forma cap rate of 8.07%. The asking price is $3,275,000, representing a price per square foot of $201.66 and a price per unit of $204,687.50. Conveniently located in a desirable neighborhood near shopping, dining, and schools, this stabilized investment property offers a blend of immediate income and significant future growth potential. The property includes convenient parking for residents and guests. This is an ideal acquisition for investors seeking a stable, high-return investment in a thriving Florida market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,720,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,490,000
- 6.5%
- $2,300,000
- 7%
- $2,135,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7133
- Latitude
- 27.7914
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,313
$0.00
$0.00
$2,030,000
-
$855,311
$1,174,689
$2,030,000
