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".
Property Details
Property Features
Property Information:
Year Built: 1918
Living Area: 2,778 SqFt
Listing Office:
Office Name: COMPASS FLORIDA, LLC
Office Phone: (212) 913-9058
Listing Agent: Gregory Margliano
Interior Features
Interior Information:
Appliances: Bar Fridge, Dryer, Microwave, Washer
Flooring Type: Wood
Interior: Ceiling Fans(s), Crown Molding, Open Floorplan, Window Treatments
This property is $3.1M more than the Median Sold Price and $955/SqFt more than other homes in Saint Petersburg, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #T3516956
Listing Office:
Office Name: COMPASS FLORIDA, LLC
Office Phone: (212) 913-9058
Listing Agent: Gregory Margliano
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Last updated on: 4/29/2024, 11:49:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
North Shore Elementary School
200 35th Ave NE
Distance between this listing and this school1.78 miles
Public District Grades KG-5
Middle School
3
/10
John Hopkins Middle School
701 16th St S
Distance between this listing and this school1.71 miles
Public Magnet Grades 6-8
High School
5
/10
St. Petersburg High School
2501 5th Ave N
Distance between this listing and this school2.10 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
North Shore Elementary School
200 35th Ave NE
Distance between this listing and this school1.78 miles
Public District Grades KG-5
Nearby Schools
3
/10
Campbell Park Elementary School
1051 7th Ave S
Distance between this listing and this school1.37 miles
Public District Grades PK-5
3
/10
Woodlawn Elementary School
1600 16th St N
Distance between this listing and this school1.53 miles
Public District Grades PK-5
Assigned Schools
3
/10
John Hopkins Middle School
701 16th St S
Distance between this listing and this school1.71 miles
Public Magnet Grades 6-8
Nearby Schools
5
/10
James B. Sanderlin PK-8
2350 22nd Ave S
Distance between this listing and this school2.87 miles
Public Magnet Grades PK-8
2
/10
Meadowlawn Middle School
6050 16th St N
Distance between this listing and this school3.69 miles
Public District Grades 6-8
Assigned Schools
5
/10
St. Petersburg High School
2501 5th Ave N
Distance between this listing and this school2.10 miles
Public Magnet Grades 9-12
Nearby Schools
2
/10
Gibbs High School
850 34th St S
Distance between this listing and this school2.94 miles
Public Magnet Grades 9-12
4
/10
Northeast High School
5500 16th St N
Distance between this listing and this school3.41 miles
The neighbors living near this home have an average income of $34,137. Most Saint Petersburg, FL residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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This home is located at 115 5th Ave NE in Saint Petersburg, FL and zip code 33701 in the Historic Old Northeast neighborhood. This 2,778 square foot home, which was built in 1918, sits on a 0.18 acre lot. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $3,599,000.
Saint Petersburg, FL housing market in March 2024 saw over 51 listings sold above listed price, more than 70 sold at listed price and over 323 sold below. Between February 2024 and March 2024, Saint Petersburg, FL real estate market has seen increase in the number of listings by 5.6%. While the average time on the market in March 2024 was 49 days, the median list price was $434,817.
From Rocket Homes Real Estate and based on county public records data.