5148 1st Avenue Saint Petersburg Florida | Home for Sale
To schedule a showing of 5148 1st Avenue, Saint Petersburg, Florida, Call David Shippey at 863-521-4517 TODAY!
Saint Petersburg, FL 33707
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- N/ASqFt
- N/AYear Built
- 0.26Acres
- MLS# TB8340916
- Vacant Land
- MultiFamily
- Active
- Approx Time on Market6 months, 1 day
- Area33707 St Pete/south Pasadena/gulfport/st Pete Bch
- CountyPinellas
- Subdivision Bellecrest Heights
Overview
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.
Agriculture / Farm
Association Fees / Info
Senior Community: No
Association: ,No,
Bathroom Info
Buyer Compensation
Exterior Features
Pool Private: No
Fees / Restrictions
Financial
Original Price: $700,000
Garage / Parking
Open Parking: No
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Interior Features
Fireplace: No
Spa: No
Lot Info
Direction Remarks: 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
Lot Size Units: Acres
Lot Size Acres: 0.26
Lot Sqft: 11,299
Est Lotsize: 100x113
Other
Special Conditions: None
Other Rooms Info
Property Info
Section: 21
Class Type: MultiFamily
Property Sub Type: MultiFamily
Property Attached: No
New Construction: No
Human Modified: Yes
Current Use: MultiFamily
Sqft Info
Living Area Units: SquareFeet
Tax Info
Tax Year: 2,024
Tax Lot: 7
Tax Legal Description: BELLECREST HEIGHTS BLK 3, LOTS 7 AND 8
Tax Block: 3
Tax Annual Amount: 1603.82
Tax Book Number: 5-86
Unit Info
Utilities / Hvac
Water Source: Public
Sewer: PublicSewer
Cooling: No
Heating: No
Utilities: ElectricityAvailable, MunicipalUtilities, SewerConnected, WaterConnected
Waterfront / Water
Waterfront: No
View: No
Directions
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 rightThis listing courtesy of Compass Florida Llc
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identify prospective properties consumer may be interested in purchasing. Any information relating
to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX)
program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE REALTY, INC, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 07-23-2025 5:25 PM EST.
If you have any questions on 5148 1st Avenue, Saint Petersburg, Florida, please call David Shippey at 863-521-4517.
MLS# TB8340916 located at 5148 1st Avenue, Saint Petersburg, Florida is brought to you by David Shippey REALTOR®
5148 1st Avenue, Saint Petersburg, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 5148 1st Avenue, Saint Petersburg, Florida is TB8340916.
The price for 5148 1st Avenue, Saint Petersburg, Florida is $700,000.
The status of 5148 1st Avenue, Saint Petersburg, Florida is Active.
The subdivision of 5148 1st Avenue, Saint Petersburg, Florida is Bellecrest Heights.
The home located at 5148 1st Avenue, Saint Petersburg, Florida was built in 2025.
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