Video tour
#U8246982, Joe Orchard, Listing Office: REALTY ONE GROUP SUNSHINE
Property details
About 5148 1st Ave S
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.
Highlights
Home typeOther
StatusActive
Lot size0.26 Acres
MLS #TB8340916
Virtual tour
Summary
- MLS Number: TB8340916
- MLS Name: MFRMLS
- Office Name: COMPASS FLORIDA LLC
- Office Phone: (727) 339-7902
- Listing Agent: Zach Steinberger
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 8:19:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$700,000
5148 1st Ave S
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 28, 2024 | Home Sold | $492,500 |
| May 05, 2016 | Home Sold | $121,250 |
| Feb 14, 2014 | Home Sold | $52,000 |
| Apr 03, 2012 | Home Sold | $41,000 |
| Mar 13, 2007 | Home Sold | $125,000 |
| Jan 13, 2006 | Home Sold | $85,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $121,091 | $1,560 |
| 2022 | $117,564 | $1,502 |
| 2021 | $114,140 | $1,502 |
| 2020 | $112,564 | $1,506 |
| 2019 | $110,033 | $1,458 |
| 2018 | $107,981 | $1,427 |
| 2017 | $105,760 | $1,402 |
History based on county public records data.
Nearby schools
6
Bear Creek Elementary
Public District PK-5
0.8 mi
•350 61st St S
2
Fairmount Park Elementary
Public District PK-5
0.9 mi
•575 41st St S
5
Mount Vernon Elementary
Public District PK-5
1.1 mi
•4629 13th Ave N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,430. The most common annual income of people living in Saint Petersburg, FL is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
37%
<35k
51%
35k-100k
11%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
51%
Single, No Kids
22%
Single, with Kids
14%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
21%
18-34 yrs old
42%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Extreme Sports
Horse Races
Where do the neighbors shop?
Family Dollar
Sam's Club
Stein Mart
Where do the neighbors go to eat?
White Castle
LongHorn Steakhouse
Golden Corral
What do the neighbors drive?
Chevrolet
Oldsmobile
Buick
What do the neighbors listen to?
Rock
Contemporary Inspirational
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5148 1st Ave S
This home is located at 5148 1st Ave S in Saint Petersburg, FL and zip code 33707 in the Westminster Heights neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $700,000.
In February 2025 more than 32 listings in Saint Petersburg, FL were sold above the asking price. During the same period more than 67 listings were sold at asking price, while more than 242 were sold below. In February 2025 in Saint Petersburg, FL there were 9.9% more homes for sale than in January. The median list price of listings available in February 2025 was $431,523, while the average time on the real estate market was 60 days.
From Rocket Homes Real Estate and based on county public records data.