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- LoopNet Team
333 5th St S
Saint Petersburg, FL 33701
Charles Court · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 9,469 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Zoning | CBD2, St. Petersburg - central business district | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,469 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | CBD2, St. Petersburg - central business district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
ABOUT 333 5TH ST S , SAINT PETERSBURG, FL 33701
Superbly located 16 unit cash-flow investment opportunity with significant value-add / mark-to-market rent execution with future re-development to for-sale luxury condominiums or for-lease luxury apartments. Property is in the heart of the bustling St. Petersburg Downtown district. Walking distance to downtown district restaurants, museums, shops, waterfront along Tampa Bay and event areas including 4th Street, Beach Drive, Central Avenue, and the St. Petersburg Yacht Club. 1 Bedroom Rents across the street at recently completed Beacon 430 are nearly double current rents at subject property. Proforma Year 1 cap rate of 5.9%, Proforma Year 2 cap rate of 7.7%. Ample street parking for residents and their guests. Employment demand drivers within 1 mile include Johns Hopkins All Children's Hospital, St. Anthony's Hospital, Bayfront Medical Center, and USF St. Pete campus. Property is within walking distance of award-winning restaurants, galleries, world-class museums, and all that downtown St. Petersburg has to offer. Unique shops along Central Avenue and throughout downtown set the backdrop for more than 150 beautiful parks and outdoor event spaces hosting a variety of exciting music, art, and sporting events year-round.
PROPERTY TAXES
| Parcel Number | 19-31-17-74466-061-0152 | Improvements Assessment | $839,434 |
| Land Assessment | $560,566 | Total Assessment | $1,400,000 |
PROPERTY TAXES
