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Investment Highlights
- Renovated in 2015
- Accessible to community retail and downtown St Petersburg
- 3 Swimming Pools, Clubhouse, Fitness Center, Business Center, Picnic Areas, Grilling Areas, Laundry Facilities and Onsite Leasing
Executive Summary
This is a Bankruptcy Auction - the Bid Deadline is August 21 and the Auction is September 4. The recommended Minimum Overbid is $42,100,000.
Property Facts
| Sale Type | Investment | Lot Size | 21.72 AC |
| Sale Condition | Distress Sale | Building Size | 315,450 SF |
| No. Units | 304 | Average Occupancy | 28% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1972/2015 |
| Apartment Style | Garden | Parking Ratio | 1.58/1,000 SF |
| Building Class | C | ||
| Zoning | RM12/15, St Pete - Residential Multi Family | ||
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 304 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 21.72 AC |
| Building Size | 315,450 SF |
| Average Occupancy | 28% |
| No. Stories | 3 |
| Year Built/Renovated | 1972/2015 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | RM12/15, St Pete - Residential Multi Family |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Vaulted Ceiling
- Walk-In Closets
- Wi-Fi
- Window Coverings
Site Amenities
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Breakfast/Coffee Concierge
- Cabana
- Recycling
- Storage Space
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 144 | - | 663 - 1,060 |
| 2+2 | 130 | - | 1,062 - 1,302 |
| 3+2 | 30 | - | 1,530 - 1,731 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 11-32-16-49167-000-0010 | Improvements Assessment | $31,447,105 |
| Land Assessment | $7,052,895 | Total Assessment | $38,500,000 |
Property Taxes
Parcel Number
11-32-16-49167-000-0010
Land Assessment
$7,052,895
Improvements Assessment
$31,447,105
Total Assessment
$38,500,000
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The Morgan | 5473 27th St S
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