For Sale

Listed by Gregory Margliano from COMPASS FLORIDA, LLC

Source: Stellar MLS #T3516956

115 5th Avenue Northeast, St. Petersburg, FL, 33701

$3,599,000

3162 sq. ft.
7636 sq. ft.

MultiFam

30+ days on the market

What's around 115 5th Avenue Northeast

About this property

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".

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