115 5th Avenue Northeast

St. Petersburg, FL 33701

$3,599,000
Price
—
Beds
2,778 Sq. Ft.
$1,296 / Sq. Ft.
2,778
Sq. Ft.
$1,296
per Sq. Ft.

Description

CASH COW Boutique Hotel in TOP location in Downtown St Pete only 1 block off Beach Drive. Offering an 8.4% CAP, this property is super easy to manage and is run like an Airbnb and can be managed easily from your cell phone. The hotel features 8 beautifully remodeled and furnished suites, a gorgeous new pool and spa, a small gym, 6 parking spaces, and several private, tropical outdoor seating areas for your guests to enjoy. This property is fully licensed for 8 rooms and has been painstakingly remodeled...CASH COW Boutique Hotel in TOP location in Downtown St Pete only 1 block off Beach Drive. Offering an 8.4% CAP, this property is super easy to manage and is run like an Airbnb and can be managed easily from your cell phone. The hotel features 8 beautifully remodeled and furnished suites, a gorgeous new pool and spa, a small gym, 6 parking spaces, and several private, tropical outdoor seating areas for your guests to enjoy. This property is fully licensed for 8 rooms and has been painstakingly remodeled from the studs up including: all new plumbing, new electrical, full indoor fire sprinklers, new roof, a common area kitchen, and furnished with every detail in mind including the monogrammed linens. If you're looking for a turn-key investment with an excellent ROI then look no further! No flood insurance required as located in Flood Zone "X".

Listing Agent

Property Details for 115 5th Avenue Northeast

Subdivision Name
BAY SHORE REV
Township
31
View
City
Waterfront
No
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LISTING UPDATED: 04/11/2024 07:09 PM

Property Details for 115 5th Avenue Northeast

StatusActive
MLS #T3516956
Days on Market22
Taxes$25,816 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1918
Lot Size0.18 AC / 7,636 SF
CountyPinellas County
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Building Information for 115 5th Avenue Northeast

Stories-Residences1Year Built1918Building Size-Lot Size0.18 AC / 7,636 SF

Payment Calculator

$21,793 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,641

Property Taxes

$2,151

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 115 5th Avenue Northeast

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 3162.0
  • Building Area Units: Square Feet
  • Directions: Located in Historic Old Northeast, from Beach Drive NE turn West on 5th Ave NE (a one way street) to address.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 115
  • Street Name: 5TH
  • Street Suffix: AVENUE
  • Street Direction Suffix: NE
  • State: FL
  • City: SAINT PETERSBURG
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Guest, Off Street, Parking Pad
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 9
  • Tax Book Number: H3-41
  • Tax Legal Description: BAY SHORE REV BLK 9, LOT 9
  • Tax Lot: 9
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 17-31-17-04842-009-0090
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Living Area: 2778
Property and Assessments
  • Year Built Numeric: 1918
  • Flood Zone Code: X
  • Flood Zone Date: 08-24-2021
  • Flood Zone Panel: 12103C0219H
  • New Construction: No
  • Public Survey Range: 17
  • Public Survey Section: 17
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco, Wood Frame, Wood Siding
  • Exterior Features: Fenced, Garden
  • Foundation Details: Crawlspace
  • Levels: Three Or More
  • Patio And Porch Features: Covered, Front Porch, Patio
  • Pool Features: Deck, In Ground
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Metal
  • Spa Features: In Ground
  • Spa: Yes
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Appliances: Bar Fridge, Dryer, Microwave, Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Wood
  • Heating: Central
  • Interior Features: Ceiling Fans(s), Crown Molding, Open Floorplan, Window Treatments
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $148,936
  • Annual Net Income: $301,064.00
  • Est Annual Market Income: $301,064.00
  • Gross Income: $450,000
  • Total Monthly Expenses: $12,411
  • Unit Count: 1
Unit 1
  • Unit Type Baths Total 1: 8
  • Unit Type Beds Total 1: 8
  • Unit Type Description 1: Hotel Room
  • Unit Type Type 1: 1 Bed/1 Bath
Rental
Rental Information
  • Total Actual Rent: $4,158

Property History for 115 5th Avenue Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 115 5th Avenue Northeast

Taxable ValueLand-Additions-Total-
Tax Record2023$25,816 ($2,151 / month)
Home Facts
Total Finished SqFt2,778 SqFtAbove Grade Finished SqFt2,778 SqFtStories2Lot Size7,636 SqFtStyleHotel / MotelYear Built1918Year Renovated1989CountyPINELLASAPN17-31-17-04842-009-0090

Schools near 115 5th Avenue Northeast

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
North Shore Elementary School
PublicK to 5

John Hopkins Middle School
Public6 to 8

St. Petersburg High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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115 5th Avenue Northeast is a multi-family home for sale in St. Petersburg, FL 33701. This property was listed for sale on March 27, 2024 by Compass, it's currently listed at $3,599,000. It has been on the market for a total of 22 days and was last sold on February 22, 2022. This listing's school district is Pinellas. Nearby schools include North Shore Elementary School, John Hopkins Middle School and St. Petersburg High School. 115 5th Avenue Northeast is a 0-bed, 0-bath, 2,778 sqft multi-family home built in 1918.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 04/11/2024 07:09 PM