How many Apartment Building listings are available for sale in Saint Petersburg?
Currently, there are 33 Apartment Building listings for sale near Saint Petersburg, FL. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Saint Petersburg?
The average price per square foot for Saint Petersburg apartment buildings for sale is about $598.
When available, the price of these buildings in Saint Petersburg, FL varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Saint Petersburg?
The average size of apartment buildings for sale in Saint Petersburg, FL is approximately 12,971 SF. The largest building available is 283,123 SF and the smallest is 400 SF.
What is the average cap rate for Multi-family Properties in Saint Petersburg?
Cap rates for apartment buildings in Saint Petersburg, FL typically range between 5.54% and 10.61%, with variations influenced by factors including tenant quality, lease terms, and property age. Read
more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Saint Petersburg?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Saint Petersburg, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Saint Petersburg, FL.
