2318 4th St S Saint Petersburg, FL 33705

Property Type:
MultiFamily Apartments
Last Verified:
Apr 05, 2022


  • Prime 4th Street South Location
  • 10+ Cap Rate
  • 7.13 Gross Rent Multiplier
  • Includes 17,000 sf of Vacant Land on
  • 4th Street S 58K per Door
  • 100% Occupied


Multi-Family Offer in Always Sunny St Petersburg. This Site is On Both Sides of 4th Street South and 23rd Ave South just south of the major intersection at 22nd Ave S. On the East Side of 4th Street at 2318 4th Street South, there is 10 units in three block structures * 8 One Bedrooms and 2 Efficiencys. On the West Side of 4th Street at 414 23rd Ave S, there 9 units in four wood structures * 8 Efficiencys and 1 One Bedroom Plus over 17,000 of build-able vacant land fronting 4th Street. The Property is unique because it is located on both sides of the major North - South Corridor of 4th Street.

The Rents have not been raised for years Current Rent Rolls support a 7% Cap Rate Pro Forma Cap Rate 10%. The Asking Price is 58K per door. Approximately 9,265 sf of structure. Parking and Signage.

The Site is located in the very desirable city of St Petersburg, Florida. The location is only five minutes to I-275 * 4 minutes to downtown * 20 Minutes to Beaches

Year Built: 1957
Building Size: 9265sq ft
Lot Size: 1.26 acres

Map of 2318 4th St S, Saint Petersburg, FL, 33705

Presented by:

Request additional information

Send a message
Share this Listing

Not Interested In This Property? Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.