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Multifamily

Savannah Apartments

5401 1st Ave S, St. Petersburg, FL 33707

Listing Price: $2,300,000

Cap Rate
5.45%
Number of Units
19
Occupancy
100.0%
Price/Unit
$121,053
Price/Gross SF
$148.01
Gross SF
15,540

Investment Overview

19-unit multifamily community in St. Petersburg, Florida (Tampa Bay MSA)

Investment Highlights

  • New ten year NNN master lease with minimal landlord responsibility, to be signed at closing
  • Annual rent increases beginning in year three of lease
  • Steps away from Central Avenue, and less than 5 miles from Downtown St. Petersburg and Pier District
  • New roof in 2021
  • Concrete block construction
  • Sparkling swimming pool
  • Central location within Florida's most densely populated county

Exclusively Listed By

Listing Price: $2,300,000

Cap Rate
5.45%
Number of Units
19
Occupancy
100.0%
Price/Unit
$121,053
Price/Gross SF
$148.01
Gross SF
15,540

Investment Highlights

  • New ten year NNN master lease with minimal landlord responsibility, to be signed at closing
  • Annual rent increases beginning in year three of lease
  • Steps away from Central Avenue, and less than 5 miles from Downtown St. Petersburg and Pier District
  • New roof in 2021
  • Concrete block construction
  • Sparkling swimming pool
  • Central location within Florida's most densely populated county

Investment Overview

19-unit multifamily community in St. Petersburg, Florida (Tampa Bay MSA)

Exclusively Listed By

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