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33-Unit / 3 Property Portfolio 3 Multifamily Properties Offered at $5,046,251 CAD in Saint Petersburg, FL
INVESTMENT HIGHLIGHTS
- Offered as Portfolio or Individually | 12-Unit, 13-Unit and 8-Unit Properties Within a Half-Mile Radius
- Exceptional Value-Add Opportunity w/ Potential Seller Financing for a Qualified Buyer
- Non-Flood Zone Location (Zone X), Drastically Reducing Insurance Expenses
- 33-Unit / 3 Property Multifamily Portfolio in St Petersburg, FL | Comprised of Two Adjacent Parcels & a Third Less Than a Mile Away
- Massive Rental Upside w/ Govt Subsidized Housing Supporting Rents $600-$900/Month Higher than Current Rent Levels
- Strongly Positioned Within 10-Minutes of Downtown St Pete and the Gateway Area w/ More Than 2,700 Businesses & 60,000 Employees
EXECUTIVE SUMMARY
OFFERING INDIVIDUALLY OR AS PORTFOLIO: Consists of 12-unit, 13-unit, and 8-unit property, all within a half-mile radius (13-Unit & 8-Unit Adjacent to Each Other). Separate OM's Available for Each Offering at MultifamilyFirm.com
PROPERTY 1 - Price: $1,315,000 | BUNGALOWS ON 50TH | 12-Units in 9 Buildings on 0.57 Acres
PROPERTY 2 – Price: $975,000 | CRISSMAN DRIVE APTS | 8-Units in 2 Buildings on 0.53 Acres | Consists of 7-Unit Apt Building and a 2/1 House (Adjacent to Parcel 3)
PROPERTY 3 – Price: $1,425,000 | SUN COVE APTS | 13-Units in 3 Duplex Buildings & 7 Mobile-Homes on 0.69 Acres (Adjacent to Parcel 2)
**View OFFERING MEMORANDUM at MultifamilyFirm.com for Financial Info & Full Details**
The Multifamily Firm is pleased to present a 33-unit, 3-property multifamily portfolio in St Petersburg, FL, comprised of 2 adjacent parcels and a 3rd located less than a mile away. Offered Individually or as a Portfolio with potential seller financing for a qualified buyer, the assets include a 12-unit, 13-unit, and 8-unit property, all within a half-mile radius in non-flood zone (Zone X) locations. The offering represents an exceptional value-add play, with substantial rental upside supported by government-subsidized housing programs indicating rents $600–$900 per month higher than current levels. Positioned just 10 minutes from both Downtown St Petersburg and the Gateway employment corridor, home to more than 2,700 businesses and 60,000+ employees, the portfolio combines strong location fundamentals with multiple avenues for value creation.
**View OFFERING MEMORANDUM at MultifamilyFirm.com for Financial Info & Full Details**
PROPERTY 1 - Price: $1,315,000 | BUNGALOWS ON 50TH | 12-Units in 9 Buildings on 0.57 Acres
PROPERTY 2 – Price: $975,000 | CRISSMAN DRIVE APTS | 8-Units in 2 Buildings on 0.53 Acres | Consists of 7-Unit Apt Building and a 2/1 House (Adjacent to Parcel 3)
PROPERTY 3 – Price: $1,425,000 | SUN COVE APTS | 13-Units in 3 Duplex Buildings & 7 Mobile-Homes on 0.69 Acres (Adjacent to Parcel 2)
**View OFFERING MEMORANDUM at MultifamilyFirm.com for Financial Info & Full Details**
The Multifamily Firm is pleased to present a 33-unit, 3-property multifamily portfolio in St Petersburg, FL, comprised of 2 adjacent parcels and a 3rd located less than a mile away. Offered Individually or as a Portfolio with potential seller financing for a qualified buyer, the assets include a 12-unit, 13-unit, and 8-unit property, all within a half-mile radius in non-flood zone (Zone X) locations. The offering represents an exceptional value-add play, with substantial rental upside supported by government-subsidized housing programs indicating rents $600–$900 per month higher than current levels. Positioned just 10 minutes from both Downtown St Petersburg and the Gateway employment corridor, home to more than 2,700 businesses and 60,000+ employees, the portfolio combines strong location fundamentals with multiple avenues for value creation.
**View OFFERING MEMORANDUM at MultifamilyFirm.com for Financial Info & Full Details**
PROPERTY FACTS
| Price | $5,046,251 CAD | Number of Properties | 3 |
| Price / SF | $315.06 CAD / SF | Individually For Sale | 3 |
| Cap Rate | 6.45% | Total Building Size | 16,017 SF |
| Sale Type | Investment | Total Land Area | 1.79 AC |
| Status | Active |
| Price | $5,046,251 CAD |
| Price / SF | $315.06 CAD / SF |
| Cap Rate | 6.45% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 16,017 SF |
| Total Land Area | 1.79 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2595 50th Ave N, Saint Petersburg, FL 33714 | Multifamily | 6,707 SF | 1958 | $1,835,635 CAD |
| 5680 28th St N, Saint Petersburg, FL 33714 | Multifamily | 5,200 SF | 1941 | $1,989,186 CAD |
| 5633 Crissman Dr N, Saint Petersburg, FL 33714 | Multifamily | 4,110 SF | 1979 | $1,361,022 CAD |
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33-Unit / 3 Property Portfolio
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