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8 New + 1 Double Unit Income Producing Homes 4710 21st St N 15,926 SF Specialty Building Online Auction Sale Saint Petersburg, FL 33714
INVESTMENT HIGHLIGHTS
- Exceptional home portfolio offering investors the chance to acquire income-producing assets in a St. Peterburg suburb.
- Unique opportunity for savvy buyers seeking a value-add investment with significant long-term upside potential.
- St. Peterburg is a highly coveted retail market with average household incomes within a 10-mile radius exceeding $96,000 annually.
- All 9 homes are strategically positioned in prominent neighborhoods northwest of Downtown with quick access to Interstate 275.
- Each property is located with tenants in mind near retailers such as Walgreens, Sam’s Club, Publix, Walmart Supercenter, and more.
EXECUTIVE SUMMARY
This portfolio of eight homes and one double-unit in Florida presents investors with a unique opportunity in one of the state's most desirable markets.
The nine assets included in this sale are:
4710 21st Street N, St. Peterburg, Florida 33714 - Built in 2025 - two bedroom/two and 1/2 bathroom - 2,996 square feet
4710 ½ 21st Street N, St. Peterburg, Florida 33714 - Built in 2025 - two bedroom/two and 1/2 bathroom - 749 square feet
1039 53rd Avenue N, St. Peterburg, Florida 33703 - Built in 2022 - three bedroom/ two and 1/2 bathroom - 2,380 square feet
1039 ½ 53rd Avenue N, St. Peterburg, Florida 33703 - Built in 2022 - two bedroom/two and 1/2 bathroom - 745 square feet
5101 12th Avenue N, St. Peterburg, Florida 33710 - Built in 2022 - three bedroom/three bathroom - 2,380.1 square feet
5101 1/2 12th Avenue N, St. Peterburg, Florida 33710 - Built in 2022 - two bedroom/two and 1/2 bathroom - 750 square feet
5113 12th Avenue N, St. Peterburg, Florida 33710 - Built in 2023 - three bedroom/two and 1/2 bathroom - 2,380.1 square feet
5113 1/2 12th Avenue N, St. Peterburg, Florida 33710 - Built in 2023 - two bedroom/ two and 1/2 bathroom - 749.1 square feet
1516 59th Street N, St. Peterburg, Florida 33710 - Built in 2022 - three bedroom/two bathroom - 2,048 square feet
1516 ½ 59th Street N, St. Peterburg, Florida 33710 - Built in 2022 - two bedroom/two and 1/2 bathroom - 749 square feet
The collection consists of eight homes and one double unit that deliver strong and consistent cash flow, as most units are already built and occupied by tenants. This occupancy supports a steady income stream while still allowing room for added value by future owners. Each property offers lower maintenance costs compared to multifamily housing, since home rental typically have fewer problems and reduced expenses. With one tenant and a single set of systems such as plumbing and electrical, management and upkeep are simplified. The fact that these homes are newly constructed further minimizes initial maintenance costs for new owners. These homes attract a wide range of renters, including families, couples, and individuals who value more space and privacy. Broad appeal helps reduce vacancy rates and increases demand. Managing home rentals is straightforward, with one tenant per property, fewer day-to-day issues, and less turnover. The location of all homes within a 3-mile radius also reduces travel time for maintenance and management staff, adding to overall efficiency.
St. Petersburg, Florida, stands out as a prime location for investors interested in real estate or business ventures. The city has experienced remarkable growth in property values, thanks to its picturesque waterfronts, lively downtown, and expanding population. These qualities make St. Petersburg an appealing destination for both residential and commercial investment opportunities. The local economy is dynamic and well-rounded, with strong sectors in healthcare, finance, technology, and tourism. The city’s economic momentum is evident in the increasing income levels and job opportunities, making it an attractive place for individuals and families seeking a higher quality of life.
St. Petersburg enjoys consistent population growth, fueled by its inviting climate, vibrant community, and abundant economic prospects. As more people are drawn to the area, demand for housing, goods, and services continues to rise, providing further advantages for investors. Additionally, both St. Petersburg and the state of Florida offer a supportive business environment, characterized by pro-business policies, lower corporate taxes, and streamlined regulations. This investor-friendly climate enables businesses to flourish and makes the region especially enticing for those looking to grow their investments.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The nine assets included in this sale are:
4710 21st Street N, St. Peterburg, Florida 33714 - Built in 2025 - two bedroom/two and 1/2 bathroom - 2,996 square feet
4710 ½ 21st Street N, St. Peterburg, Florida 33714 - Built in 2025 - two bedroom/two and 1/2 bathroom - 749 square feet
1039 53rd Avenue N, St. Peterburg, Florida 33703 - Built in 2022 - three bedroom/ two and 1/2 bathroom - 2,380 square feet
1039 ½ 53rd Avenue N, St. Peterburg, Florida 33703 - Built in 2022 - two bedroom/two and 1/2 bathroom - 745 square feet
5101 12th Avenue N, St. Peterburg, Florida 33710 - Built in 2022 - three bedroom/three bathroom - 2,380.1 square feet
5101 1/2 12th Avenue N, St. Peterburg, Florida 33710 - Built in 2022 - two bedroom/two and 1/2 bathroom - 750 square feet
5113 12th Avenue N, St. Peterburg, Florida 33710 - Built in 2023 - three bedroom/two and 1/2 bathroom - 2,380.1 square feet
5113 1/2 12th Avenue N, St. Peterburg, Florida 33710 - Built in 2023 - two bedroom/ two and 1/2 bathroom - 749.1 square feet
1516 59th Street N, St. Peterburg, Florida 33710 - Built in 2022 - three bedroom/two bathroom - 2,048 square feet
1516 ½ 59th Street N, St. Peterburg, Florida 33710 - Built in 2022 - two bedroom/two and 1/2 bathroom - 749 square feet
The collection consists of eight homes and one double unit that deliver strong and consistent cash flow, as most units are already built and occupied by tenants. This occupancy supports a steady income stream while still allowing room for added value by future owners. Each property offers lower maintenance costs compared to multifamily housing, since home rental typically have fewer problems and reduced expenses. With one tenant and a single set of systems such as plumbing and electrical, management and upkeep are simplified. The fact that these homes are newly constructed further minimizes initial maintenance costs for new owners. These homes attract a wide range of renters, including families, couples, and individuals who value more space and privacy. Broad appeal helps reduce vacancy rates and increases demand. Managing home rentals is straightforward, with one tenant per property, fewer day-to-day issues, and less turnover. The location of all homes within a 3-mile radius also reduces travel time for maintenance and management staff, adding to overall efficiency.
St. Petersburg, Florida, stands out as a prime location for investors interested in real estate or business ventures. The city has experienced remarkable growth in property values, thanks to its picturesque waterfronts, lively downtown, and expanding population. These qualities make St. Petersburg an appealing destination for both residential and commercial investment opportunities. The local economy is dynamic and well-rounded, with strong sectors in healthcare, finance, technology, and tourism. The city’s economic momentum is evident in the increasing income levels and job opportunities, making it an attractive place for individuals and families seeking a higher quality of life.
St. Petersburg enjoys consistent population growth, fueled by its inviting climate, vibrant community, and abundant economic prospects. As more people are drawn to the area, demand for housing, goods, and services continues to rise, providing further advantages for investors. Additionally, both St. Petersburg and the state of Florida offer a supportive business environment, characterized by pro-business policies, lower corporate taxes, and streamlined regulations. This investor-friendly climate enables businesses to flourish and makes the region especially enticing for those looking to grow their investments.
Property tours are available by appointment only. Please contact the listing broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Certificates of Compliance
- Construction And Floor Plans
- Operating and Financials
- Surveys
- Purchase Agreement
- Title and Insurance
- Register to Bid Instructions
PROPERTY FACTS
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SALE ADVISOR
SALE ADVISOR
Roman Tsimberg, Director Commercial Real Estate Sales
Roman is dedicated to delivering personalized service, exceptional communication, and professional expertise that gives his clients successful results. Over 30 years of experience dealing with Commercial Real Estate and Hundreds of Completed transactions on various platforms including Ten-X. As a trained real estate professional, Roman's expertise includes marketing, presentation, negotiation, and sales. He has represented national private and corporate clients, as well as, banks and special assets groups in REO transactions. Roman currently helps clients to achieve above-market returns in Maryland, Florida, and the District of Columbia markets.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Commercial, LLC Vibhav Kapila RE Brkr CQ1063389
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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