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2148 54th Ave S
Saint Petersburg, FL 33712
Enclave at Sabal Pointe · Multifamily Property For Sale
·
240 Units
Investment Highlights
- Excellent Floor Plans with the Largest Apartments Offered in the Market, Averaging 1,164 SF with Desirable Mix of 1-, 2- and 3- Bedroom Units
- Well-Maintained Community with Significant Recent Capital Improvements Totaling Over $3.9MM
- Situated Conveniently Between Downtown St. Petersburg and the World-Famous Gulf Beaches, Close to Employment and Entertainment Options
- Value-Add Opportunity with 83.3% of Units Still Able to Be Renovated to Achieve Premium Rents
- Significant Value-Add Opportunity with $215+ in Average Monthly Rental Upside Through Renovations and Loss-to-Lease Recapture
- Great Connectivity Just 1-Mile to the Interstate 275 On-Ramp, with Direct Access to Major Markets of Tampa, St. Petersburg, and Bradenton
Property Facts
| No. Units | 240 | Lot Size | 14.22 AC |
| Property Type | Multifamily | Building Size | 283,123 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.77/1,000 SF |
| Zoning | RM-10, St Petersburg | ||
| No. Units | 240 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.22 AC |
| Building Size | 283,123 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | RM-10, St Petersburg |
Amenities
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 92 | - | 780 - 870 |
| 2+1.5 | 28 | - | 1,400 |
| 2+2 | 84 | - | 1,200 |
| 3+2.5 | 36 | - | 1,700 |
Property Taxes
| Parcel Number | 12-32-16-25833-000-0001 | Improvements Assessment | $26,924,139 |
| Land Assessment | $6,575,861 | Total Assessment | $33,500,000 |
Property Taxes
Parcel Number
12-32-16-25833-000-0001
Land Assessment
$6,575,861
Improvements Assessment
$26,924,139
Total Assessment
$33,500,000
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