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1750 2nd Ave N 33 Unit Apartment Building $9,300,000 ($281,818/Unit) 7.04% Cap Rate Saint Petersburg, FL 33713
INVESTMENT HIGHLIGHTS
- With easy access to major highways and public transportation, getting around is a breeze.
- Just steps from world-class dining, shopping, and entertainment.
- Located in the heart of downtown St. Petersburg, residents will enjoy breathtaking views of the city and the waterfront.
EXECUTIVE SUMMARY
Pre construction apartment, land cost $3,300,000 construction $6,000,000
Welcome to the newest addition to St. Petersburg! This 33-unit pre-construction apartment building is poised to become one of the
city's most iconic landmarks. With its sleek and modern design, the building will be a striking sight from every angle.
Located in the heart of downtown St. Petersburg, residents will enjoy breathtaking views of the city and the waterfront. Living in this apartment building means being at the center of all that St. Petersburg has to offer. Just steps from world-class dining, shopping, and entertainment, there's never a dull moment in this vibrant city. Plus, with easy access to major highways and public transportation, getting around is a breeze.
Don't miss your chance to be one of the first to call this luxurious pre-construction apartment building in St. Petersburg home. Contact us
Welcome to the newest addition to St. Petersburg! This 33-unit pre-construction apartment building is poised to become one of the
city's most iconic landmarks. With its sleek and modern design, the building will be a striking sight from every angle.
Located in the heart of downtown St. Petersburg, residents will enjoy breathtaking views of the city and the waterfront. Living in this apartment building means being at the center of all that St. Petersburg has to offer. Just steps from world-class dining, shopping, and entertainment, there's never a dull moment in this vibrant city. Plus, with easy access to major highways and public transportation, getting around is a breeze.
Don't miss your chance to be one of the first to call this luxurious pre-construction apartment building in St. Petersburg home. Contact us
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $9,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $281,818 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.04% | Construction Status | Proposed |
| Gross Rent Multiplier | 10.56 | Building Size | 33,000 SF |
| No. Units | 33 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2027 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $9,300,000 |
| Price Per Unit | $281,818 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 10.56 |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Construction Status | Proposed |
| Building Size | 33,000 SF |
| No. Stories | 5 |
| Year Built | 2027 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 33 | $2,225 | 480 |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 (2024) | |
| Land Assessment | $719,633 (2024) | Total Assessment | $719,633 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$719,633 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$719,633 (2024)
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1750 2nd Ave N
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