About 115 5th Avenue Ne
CASH COW Boutique Hotel in TOP location in Downtown St Pete only 1 block off Beach Drive. Offering an 7.5% 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".
Features of 115 5th Avenue Ne
| MLS® # | T3516956 |
|---|---|
| Price | $3,599,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,778 |
| Acres | 0.18 |
| Year Built | 1918 |
| Type | Residential Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 115 5th Avenue Ne |
|---|---|
| Area | St Pete |
| Subdivision | BAY SHORE REV |
| City | SAINT PETERSBURG |
| County | Pinellas |
| State | FL |
| Zip Code | 33701 |
Amenities
| Parking | Guest, Off Street, Parking Pad |
|---|---|
| View | City |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Interior Features | Ceiling Fans(s), Crown Molding, Open Floorplan, Window Treatments |
|---|---|
| Appliances | Bar Fridge, Dryer, Microwave, Washer |
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Fence, Garden |
|---|---|
| Roof | Metal |
| Foundation | Crawlspace |
Additional Information
| Date Listed | April 9th, 2024 |
|---|---|
| Days on Market | 38 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Gregory Margliano |
|---|---|
| Office | COMPASS FLORIDA, LLC |