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Laurie Court Apartments 6550 41st Ave N 8 Unit Apartment Building $1,591,349 CAD ($198,919 CAD/Unit) 5.51% Cap Rate Saint Petersburg, FL 33709
INVESTMENT HIGHLIGHTS
- Attractive unit mix of all two-bedroom units
- Situated in Pinellas County, Florida’s most densely-populated county
- Four miles to I-275, offering convenient access to Tampa, St. Petersburg and Clearwater
- Concrete block construction
- Minutes from the Gulf of Mexico and world-renowned Clearwater Beach, named TripAdvisor’s “#1 Beach in the U.S.” in 2018 and 2019
EXECUTIVE SUMMARY
An 8-unit multifamily community in St. Petersburg, FL. Significant proven upside potential with a 41% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements. 0.5 miles to HCA Florida St. Petersburg Hospital, a 215-bed acute care facility with 24/7 emergency services, an Advanced Primary Stroke Center and an accredited Breast Center with advanced imaging
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,591,349 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $198,919 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 5.51% | Building Size | 7,093 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | ||
| Zoning | RM15 - Residential | ||
| Price | $1,591,349 CAD |
| Price Per Unit | $198,919 CAD |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 7,093 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Zoning | RM15 - Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 663 |
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PROPERTY TAXES
| Parcel Number | 05-31-16-29430-002-0380 | Improvements Assessment | $649,688 CAD (2024) |
| Land Assessment | $407,144 CAD (2024) | Total Assessment | $1,056,832 CAD (2024) |
PROPERTY TAXES
Parcel Number
05-31-16-29430-002-0380
Land Assessment
$407,144 CAD (2024)
Improvements Assessment
$649,688 CAD (2024)
Total Assessment
$1,056,832 CAD (2024)
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Laurie Court Apartments | 6550 41st Ave N
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