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550 50th Ave N
Saint Petersburg, FL 33703
The Rialto - St Pete · Multifamily Property For Sale
·
40 Units
Investment Highlights
- 40 Unit Multifamily Property in St. Petersburg, FL // Concrete Block Construction with 75% Two Bedroom Floor Plans
- Just 8 Minutes North of Downtown St Pete & Within Walking Distance to a Variety of Popular Local and National Restaurants on Major 4th Street Corridor
- Community Amenities Include On-Site Laundry Facilities, a Swimming Pool & an On-Site Dog Park
- Value-Add Potential to Continue Interior Upgrades Throughout Property & Increase Rents $320+ Per Month
- 21 Units Remain Non-Renovated, Provides Significant Upside Potential For a New Buyer to Build on the Value-Add Program that the Seller Has Implemented
- Interior Upgrades Include Stainless Steel Appliances, White Cabinets, Upgraded Countertops, Vinyl Wood Flooring, Upgraded Hardware & Modern Lighting
Property Facts
| No. Units | 40 | Building Size | 37,004 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1969/2022 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 1.23 AC |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 37,004 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2022 |
| Parking Ratio | 1.22/1,000 SF |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 29 | - | - |
Property Taxes
| Parcel Number | 06-31-17-92646-002-0080 | Improvements Assessment | $3,467,867 |
| Land Assessment | $1,332,133 | Total Assessment | $4,800,000 |
Property Taxes
Parcel Number
06-31-17-92646-002-0080
Land Assessment
$1,332,133
Improvements Assessment
$3,467,867
Total Assessment
$4,800,000
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