844 5th Ave S | Saint Petersburg, FL 33701
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- LoopNet Team
844 5th Ave S
Saint Petersburg, FL 33701
Prince Gregor Apartments · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- Fully Renovated (2017) 13-Unit Apartment Community in Downtown St. Petersburg
- Significant Upside Through Operational and Management Efficiency (Rental Upside From Comps, Additional Revenue Streams, Reduction in Expenses, etc.)
- On-Site Laundry and Storage Facilities Provide Additional Income
- Unit Mix Includes Spacious Studios (46%), 1Bed 1Bath (38%), and 2Bed 2Baths (15%)
- Current Zoning of Employment Center-2 (EC-2) Permits Hotel use, Which Opens up Income Potential to Short Term Rentals
- Excellent Location in the Urban Core of Downtown St. Petersburg, Walkable to High-End Restaurants & Retail Along Central Ave and Beach Drive
PROPERTY FACTS
| No. Units | 13 | Building Size | 7,075 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1948/2017 |
| Building Class | C | Parking Ratio | 2.83/1,000 SF |
| Lot Size | 0.24 AC |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 7,075 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2017 |
| Parking Ratio | 2.83/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 325 - 400 |
| 1+1 | 5 | - | 500 - 550 |
| 2+2 | 2 | - | 1,040 - 1,100 |
PROPERTY TAXES
| Parcel Number | 19-31-17-83160-000-0070 | Improvements Assessment | $1,259,248 |
| Land Assessment | $615,752 | Total Assessment | $1,875,000 |
PROPERTY TAXES
Parcel Number
19-31-17-83160-000-0070
Land Assessment
$615,752
Improvements Assessment
$1,259,248
Total Assessment
$1,875,000
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