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3554 1st Ave N
Saint Petersburg, FL 33713
Aria Flats · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Boutique Mid-Century Property with Modern Updates
- Value-Add Upside through Commercial Lease-up
- Rental Growth Strategy on Existing Units
- Urban Infill Location Near Downtown St. Petersburg
- Redevelopment Opportunity along Central Avenue
EXECUTIVE SUMMARY
BH Real Estate Advisors is proud to present Aria Flats, a distinctive 16-unit boutique mixed-use property paired with prime ground-floor commercial space. This rare offering also includes 0.24± acres of redevelopment ready land along the highly sought-after Central Avenue corridor, one of St. Petersburg’s most dynamic growth areas.
Just minutes from Downtown St. Pete and steps from the vibrant Grand Central District, Aria Flats puts residents and tenants within easy walking distance of acclaimed restaurants, eclectic retail, and thriving employment hubs while still offering quick access to the Gulf beaches and surrounding neighborhoods.
With extensive capital improvements already completed across the 16 multifamily units, Aria Flats delivers investors an immediate, stable income stream, plus compelling upside potential. Opportunities include leasing the ground-floor commercial space to capture additional NOI and transforming the adjacent parcel into townhomes, additional multifamily units, or a mixed-use expansion unlocking the full value of this exceptional location.
Just minutes from Downtown St. Pete and steps from the vibrant Grand Central District, Aria Flats puts residents and tenants within easy walking distance of acclaimed restaurants, eclectic retail, and thriving employment hubs while still offering quick access to the Gulf beaches and surrounding neighborhoods.
With extensive capital improvements already completed across the 16 multifamily units, Aria Flats delivers investors an immediate, stable income stream, plus compelling upside potential. Opportunities include leasing the ground-floor commercial space to capture additional NOI and transforming the adjacent parcel into townhomes, additional multifamily units, or a mixed-use expansion unlocking the full value of this exceptional location.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.48 AC |
| No. Units | 16 | Building Size | 18,280 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2019 |
| Apartment Style | Low-Rise | Parking Ratio | 1.31/1,000 SF |
| Building Class | C | ||
| Zoning | CRT-1 | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 18,280 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2019 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | CRT-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 600 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,193,856 | |
| Land Assessment | $897,054 | Total Assessment | $3,090,910 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$897,054
Improvements Assessment
$2,193,856
Total Assessment
$3,090,910
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