Multi-Family

844 5th Avenue South

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Property Snapshot

Address
844 5thAvenue S. St. Petersburg
FL 33701
Purchase Price
$1,780,000.00
Number of Units
13
% Increase in Rents
Since Closing
12.88%
Projected IRR
17.73%

Originally built in 1948, the Prince Gregor apartments is a 12-unit property located in the Downtown St. Petersburg area. Residents enjoy the walkability to jobs, direct bus access, private gated off-street parking, and on-site laundry. The property’s unit mix is 6 studios, 5 One Bed + One Bath, and 2 Two Bed + Two Bath units.

Cochise Capital has increased rents by greater than 12%.