115 5TH AVE NE

115 5TH AVE NE, SAINT PETERSBURG, FL 33701

$3,599,000

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".

2,778 Sq.Ft. LIVING AREA

7,636 Sq.Ft. lot

Greg Margliano

title Principal & Founding Agent
PHONE (813) 857-5339
EMAIL [email protected]
DRE # 3026233

Features & Amenities

Interior

Laundry room Inside
Flooring Wood
APPLIANCES Bar Fridge, Dryer, Microwave, Washer
other interior Features Ceiling Fans(s), Crown Molding, Open Floorplan, Window Treatments

Area & Lot

Status For Sale
Living Area2,778 Sq.Ft.
Lot Area7,636 Sq.Ft.
MLS® IDT3516956
TypeMulti-Family
YEAR BUILT1918
View DescriptionCity

Exterior

STORIES3
water SourcePublic
utilitiesElectricity Connected
PoolDeck, In Ground
roofMetal
parkingGuest, Off Street, Parking Pad
HEAT TYPECentral
AIR CONDITIONINGCentral Air
sewerPublic Sewer
SubstructureCrawlspace
other exterior FeaturesFence, Garden

Financial

Sales Price$3,599,000
Real Estate Tax $25,816/yr

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Contact Details

Margliano Team

Phone

(813) 857-5339

[email protected]

Address

3615 Bromley Grand Avenue Tampa, FL 33607

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