6522 54th Ave N
Saint Petersburg, FL 33709
Crossings at 66th · Multifamily Property For Sale
·
203 Units
Property Facts
| No. Units | 203 | Lot Size | 12.76 AC |
| Property Type | Multifamily | Building Size | 346,090 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2001 |
| Building Class | B | Parking Ratio | 2.5/1,000 SF |
| Zoning | RM-15/RM-12.5 | ||
| No. Units | 203 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 12.76 AC |
| Building Size | 346,090 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2001 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | RM-15/RM-12.5 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Grill
- Laundry Service
- Pet Play Area
- Maintenance on site
- Public Transportation
About 6522 54TH AVE N , SAINT PETERSBURG, FL 33709
****** UNDER CONTRACT ****** PROPERTY OVERVIEW Northridge Apartments is a multifamily value-add investment opportunity located in St. Petersburg, FL. Spread across 7.29 acres and consisting of two separate parcels, Northridge Apartments was built in 1970 and 1983 with a combination of concrete block and wood frame. The two parcels consist of 144 and 59 units respectively and features a favorable unit mix consisting of 67 one-bedroom, 128 two-bedroom, and 8 three-bedroom floor plans which totals 203 units. Investors have the opportunity to acquire a well-maintained property with value-add opportunity through continued amenity upgrades and selective interior opportunities. The new owner will have the ability to extract additional rent premiums on the 71 (35%) non-renovated units through the continuation of light interior renovations. We believe the property is well positioned for immediate NOI growth via small capital expenditures and significant capital appreciation in the long term as St. Petersburg continues to be one of the most desired cities to live, work and play in the country. LOCATION OVERVIEW Northridge Apartments is conveniently located within short distance of dining, retail, and office space. Tenants have the luxury of being surrounded by popular national retailers such as; CVS, Planet Fitness, Publix, Carrabba’s Italian Grill, Starbucks, Bonefish Grill, Walgreens, Chick-Fil-A, and many more. Northridge Apartments is located within close proximity to major roadways such as, Interstate 275, US 19, and the Gandy Bridge which connects the property to world famous St Pete beaches (6.1 miles), Downtown St. Petersburg (8.5 miles), Westshore Business District (18 miles), and Downtown Tampa (22 miles).
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 83 | - | 468 - 840 |
| 2+1 | 76 | - | 750 - 1,155 |
| 2+2 | 27 | - | 840 - 1,225 |
| 3+2 | 17 | - | 1,034 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $13,242,639 | |
| Land Assessment | $4,807,361 | Total Assessment | $18,050,000 |
Property Taxes
