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5845 Fairfield Ave St. Petersburg, FL 33707

Prime location, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional value-add multifamily investment opportunity in St. Petersburg, Florida, presents a compelling chance to increase profitability. Located at 5845 Fairfield Ave S, this property comprises an eight-unit, two-story apartment building constructed in 1974. The building sits on a 0.31-acre lot and encompasses a total of 7,308 square feet, with 6,384 square feet of net rentable space. The unit mix includes four one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units. Currently, rents are slightly below market rates, offering significant potential for revenue growth through renovations and market-rate adjustments. The property benefits from its desirable location, situated in a quiet neighborhood directly adjacent to the Pinellas Trail. Its proximity to Boca Ciega High School, Central Avenue, and easy access to St. Pete Beach and Treasure Island further enhance its appeal. The property is located in Flood Zone X. This investment presents a strong opportunity for long-term appreciation in a thriving market. The property's APN is 20-31-16-67644-000-0030. Offers are due October 31st, 2024.

Highlights

  • Exceptional St. Petersburg multifamily value-add opportunity.
  • Eight-unit building (four 1/1s and four 2/1s), currently experiencing near-full occupancy with below-market rents.
  • Situated in a Flood Zone X location.
  • Quiet neighborhood adjacent to the Pinellas Trail.
  • Two blocks from Boca Ciega High School, walking distance to Central Avenue, and a short drive to Gulfport and Treasure Island.

Property Details for 5845 Fairfield Ave

Property type
Apartment buildings
Square Feet
7,308 SF
Year Built
1974
Buildings
1
Stories
2
Lot Size (sq. ft)
13,504 SF
Units
8

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.764365
Longitude
-82.7133077

FAQs

What type of property is this?
Apartment building - Prime location, value-add opportunity.
Where is the apartment building located?
The property is located at 5845 Fairfield Ave St. Petersburg, FL.
What are key features of this property?
This property features: Exceptional St. Petersburg multifamily value-add opportunity.; Eight-unit building (four 1/1s and four 2/1s), currently experiencing near-full occupancy with below-market rents.; Situated in a Flood Zone X location.
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5845 Fairfield Ave
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