333 5TH ST S St. Petersburg FL 33701

CBRE Multifamily is pleased to present Charles Court, a 16-unit community located in the premier and highly sought after urban core of Downtown St. Petersburg.

Charles Court, located at 333 5th St S in Downtown St. Petersburg, offers a turnkey investment opportunity with 16 fully renovated studio apartments. Adjacent to All Children’s Hospital, which employs over 3,750 people, and less than a mile from St. Anthony’s Hospital, this prime location ensures a steady demand for rental units. Situated just outside the South St. Pete submarket, it boasts the highest projected rent increase in Pinellas County. Furthermore, the property is in close proximity to the $6.5 billion Tropical Field redevelopment project. With all units and amenities recently renovated, new ownership can achieve rental increases with minimal capital expenditure.

• Ability to increase market rents $150+ per unit to meet the market for 1900-1950 construction studios in direct proximity

• Opportunity to promote other income drivers such as: parking, laundry income, bike storage, personal storage, utility reimbursement, and internet/cable reimbursement

• The economic growth of Downtown St. Petersburg with new to market firms and Tropicana Field redevelopment

• Geographically located in South St. Pete submarket which has proven to be the strongest rent growth market in St. Pete this decade (AxioMetrics)

• Turnkey Asset – Current ownership has completed the heavy lifting of the property while preserving the property’s historic charm

• High Barrier to Entry Market - Opportunity to enter the heart of St. Petersburg urban core where investment opportunities are extremely limited