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5845 Fairfield Ave S 8 Unit Apartment Building For Sale Saint Petersburg, FL 33707
INVESTMENT HIGHLIGHTS
- True St. Petersburg Value Add Multifamily opportunity
- Flood Zone X
- Located only two blocks from Boca Ciega High School, a short walk to central avenue, and a short drive to Gulfport, and Treasure Island
- Property consists of 4 1 Bed/ 1 Bath units and 4 2 Bed / 1 Bath units, all paying only slightly below market rents, with only one vacancy
- Extremely quiet neighborhood with the Pinellas Trail located directly behind property
EXECUTIVE SUMMARY
Call For Offers on October 31st, 2024. True St. Pete value add multifamily opportunity.
Bridgewater Commercial Real Estate is pleased to present 5848 Fairfield Ave, a true St. Pete value add multifamily investment opportunity, to the market. This 2 story 8 unit multifamily property is currently receiving just slightly below market rents, and boasts the opportunity to increase rents to market value after renovations. With the Pinellas Trail abutting it’s back yard, a 10 minute drive to both St. Pete Beach and Treasure Island, and a short walk to both Boca Ciega Highschool and Central Ave, this property sits in a prime location for long term appreciation.
Please call Davis Nunneley at (727) 619-4936 for details on differed maintenance, quotes, and the call for offers.
Bridgewater Commercial Real Estate is pleased to present 5848 Fairfield Ave, a true St. Pete value add multifamily investment opportunity, to the market. This 2 story 8 unit multifamily property is currently receiving just slightly below market rents, and boasts the opportunity to increase rents to market value after renovations. With the Pinellas Trail abutting it’s back yard, a 10 minute drive to both St. Pete Beach and Treasure Island, and a short walk to both Boca Ciega Highschool and Central Ave, this property sits in a prime location for long term appreciation.
Please call Davis Nunneley at (727) 619-4936 for details on differed maintenance, quotes, and the call for offers.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 1.32 AC |
| Sale Condition | Deferred Maintenance | Building Size | 7,308 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Building Class | C | ||
| Zoning | NSM - NEIGHBORHOOD SUBURBAN MULTI-FAMILY | ||
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 7,308 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | NSM - NEIGHBORHOOD SUBURBAN MULTI-FAMILY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 1+1 | 4 | - | - |
1 1
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 20-31-16-67644-000-0030 | Improvements Assessment | $483,412 |
| Land Assessment | $416,588 | Total Assessment | $900,000 |
PROPERTY TAXES
Parcel Number
20-31-16-67644-000-0030
Land Assessment
$416,588
Improvements Assessment
$483,412
Total Assessment
$900,000
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5845 Fairfield Ave S
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