5670 28TH ST N St. Petersburg FL 33714

View Offering Memorandum for Financial Info & Full Details!

The Multifamily Firm is pleased to present a 33-unit, 3-property multifamily portfolio in St Petersburg, FL, comprised of 2 adjacent parcels and a 3rd located less than a mile away. Offered Individually or as a Portfolio with potential seller financing for a qualified buyer, the assets include a 12-unit, 13-unit, and 8-unit property, all within a half-mile radius in non-flood zone (Zone X) locations.

The offering represents an exceptional value-add play, with substantial rental upside supported by government-subsidized housing programs indicating rents $600–$900 per month higher than current levels.

The 3 parcels together span 1.79 acres. Parcel 1 – The Bungalows on 50th consists of 12-units across 9 buildings, including a 3/2 house, 3 duplexes, and 5 bungalows. Parcel 2 – Crissman Drive Apartments features 8-units across 2 buildings, including a 7-unit apartment building with a new roof and an adjacent 2/1 house. Parcel 3 – Sun Cove Apartments contains 13-units across 3 duplex buildings and 7 mobile homes, located directly next to Parcel 2.

Positioned just 10 minutes from both Downtown St Petersburg and the Gateway employment corridor, home to more than 2,700 businesses and 60,000+ employees, the portfolio combines strong location fundamentals with multiple avenues for value creation.

View Offering Memorandum for Financial Info & Full Details!

• Offered as Portfolio or Individually | 12-Unit, 13-Unit and 8-Unit Properties Within a Half-Mile Radius

• Exceptional Value-Add Opportunity w/ Potential Seller Financing for a Qualified Buyer

• Massive Rental Upside w/ Govt Subsidized Housing Supporting Rents $600-$900/Month Higher than Current Rent Levels

• 33-Unit Multifamily Portfolio in St Petersburg, FL | Comprised of Two Adjacent Parcels & a Third Less Than a Mile Away

• Non-Flood Zone Location (Zone X), Drastically Reducing Insurance Expenses

• Parcel 1 – The Bungalows on 50th | 12-Units in 9 Buildings on 0.57 Acres | Consists of a 3/2 House, 3 Duplexes and 5 Bungalows

• Parcel 2 – Crissman Drive Apts | 8-Units in 2 Buildings on 0.53 Acres | Consists of 7-Unit Apt Building w/ New Roof and a 2/1 House (Adjacent to Parcel 3)

• Parcel 3 – Sun Cove Apartments | 13-Units in 3 Duplex Buildings & 7 Mobile-Homes on 0.69 Acres (Adjacent to Parcel 2)

• Strongly Positioned Within 10-Minutes of Downtown St Pete and the Gateway Area w/ More Than 2,700 Businesses & 60,000 Employees