St. Petersburg FL

[Chris Moore]

Hello,

Wondering if any investors/agents in the St Petersburg FL area can give an assessment on investing on flips/rentals in that area?  I currently live in Phoenix, which has a pretty decent market but looking into moving to St Petes.   What is the current market temp there (hot/medium, etc.)  I have read that the market is pretty stable there?

Thanks in advance!

[Jeff Copeland]

Originally posted by @Jeffrey Mains:

@Jeff Copeland: Hi Jeff, Can you share a benchmark for today’s market... cap rate for B or C small to mid size apartment buildings in St. Pete proper? Looking for more scale but new to it. Any help would be greatly appreciated. Thanks

Something like 4% for class A, 5% for class B, 6% for Class C for small-to-medium apartment buildings. Does a rough numbers obviously. Deals and cap rates vary.