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5148 1st Avenue

Saint Petersburg, FL 33707
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SqFt11,299

Sqft(Lot)

Acres0.26

Acre(Lot)

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 t enants. 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.

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Detail Ic Property Details

Property Type : Land

Price : $700,000

AD Id : 62005218

MLS Id : MFRTB8340916

Lot Size : 0.26 Acre(Lot)

Living Area Size : 11,299

County : Pinellas

Subdivision: Bellecrest Heights

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Feature Features

  • Water Source

    WaterSource: Public

  • Lot Information

    Lot Dimensions: 100x113 Lot Square Feet: 11299 Lot Acres: 0.26 Lot Size (SqMt): 1050

    Property Information

    Property Type: Land

  • Listing Price Information

    Original List Price:$700000

  • Tax Information

    Tax Block: 3 Tax Book Number: 5-86 Tax Lot: 7 Tax Legal Description: BELLECREST HEIGHTS BLK 3, LOTS 7 AND 8 Annual Tax: $1603.82 Tax Year: 2024 Parcel Number: 21-31-16-07182-003-0070

  • Utility Information

    Electricity Available, Public, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: BELLECREST HEIGHTS City: ST PETERSBURG Direction: 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
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2207 54th St S, Saint Petersburg, FL, 33707 $480,000 -- -- -- Acres (Lot)--
1503 Sea Gull Drive, Saint Petersburg, FL, 33707 $2,099,900 -- -- 35,175 0.81 Acre(Lot)
7010 Park Street, Saint Petersburg, FL, 33707 $799,000 -- -- 30,155 0.69 Acre(Lot)
698 Villagrande Avenue, Saint Petersburg, FL, 33707 $650,000 -- -- 25,321 0.58 Acre(Lot)
636 Sunset Drive, Saint Petersburg, FL, 33707 $1,200,000 -- -- 43,595 1 Acre(Lot)
7874 9th Avenue, Saint Petersburg, FL, 33707 $1,079,000 -- -- 9,309 0.21 Acre(Lot)
7901 Causeway Boulevard, Saint Petersburg, FL, 33707 $358,250 -- -- 8,002 0.18 Acre(Lot)
7932 2nd Avenue, Saint Petersburg, FL, 33707 $850,000 -- -- 7,501 0.17 Acre(Lot)
7998 1st Avenue, Saint Petersburg, FL, 33707 $1,250,000 -- -- 9,888 0.23 Acre(Lot)
8043 Causeway Boulevard, Saint Petersburg, FL, 33707 $899,000 -- -- 9,200 0.21 Acre(Lot)
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ByOwner last updated this listing 06/25/2026 @ 06:20

MLS: MFRMLS #TB8340916 LISTED BY: Zach Steinberger, COMPASS FLORIDA LLC 727-339-7902 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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