8119 46th Avenue NSt Petersburg, FL 33709Sale Price: $487,500

  • Sale Price: $487,500
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Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $487,500Sale Price

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THIS ONE-OF-A-KIND DEVELOPMENT OPPORTUNITY IS LOCATED IN SAINT PETERSBURG, JUST MINUTES FROM MADEIRA AND REDINGTON BEACH! THE PROPERTY CONSISTS OF A .80 ACRE LOT WHICH IS ALREADY ZONED FOR RESIDENTIAL USE, AND PERFECT FOR THE DEVELOPMENT OF A BRAND-NEW MULTIFAMILY BUILDING. THE SITE CAN FIT APPROXIMATELY 20 MULTIFAMILY UNITS AROUND 800 S/F EACH. THE BEST PART OF THIS DEAL IS THE FACT THAT THE SELLER IS OFFERING AMAZING SELLER FINANCING! THIS NOT ONLY HELPS REDUCE THE INITIAL AMOUNT OF CASH NEEDED AT CLOSING, BUT THE LOW MONTHLY DEBT SERVICE WILL HELP THE BUYER REDUCE MONTHLY EXPENSES THROUGHOUT THE FIRST 5 YEARS! 20-UNIT DEVELOPMENT OPPORTUNITY IN BEAUTIFUL ST. PETERSBURG, FL, 25% DOWN, 4.75% FIXED IR INTEREST-ONLY PAYMENTS OR 30-YEAR AMORTIZATION.5- YEAR BALLOON, CASH-ON-CASH RETURN OF OVER 15% BY 2021, STRUCTURES AND TREES ON-SITE ARE EASILY REMOVABLE, MAKING THIS DEVELOPMENT OPPORTUNITY EVEN BETTER, MINUTES FROM MADEIRA AND REDINGTON BEACHES, MASSIVE DEMAND FOR APARTMENT RENTALS IN THIS AREA, MAKING THIS AN IDEAL LOCATION FOR A NEW DEVELOPMENT!

Property Details of 8119 46th Avenue N

Property Details

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Est. Mortgage:
$/month over payments
Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026. * The above figures are estimates provided by Union Street Media using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.
Listed by David Weylie of ELITE TAMPA BAY REALTY LLC

Listing Sold by ELITE TAMPA BAY REALTY LLC

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 16, 2026 8:33 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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