555 69th Avenue, ST PETE BEACH, FL

$4,300,000

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7,926

Square feet

0.23

Acres

About 555 69th Avenue

Located on World-Famous St Pete Beach, the Five Fifty-Five Apartments represents an exceptionally rare opportunity to acquire a resort-style coastal multifamily property. This meticulously well-maintained, and tastefully appointed ten-unit apartment building has historically maintained full-occupancy, thus generating a consistently reliable revenue stream. Constructed in 1971 of solid block with poured concrete floors, the 555 Apartments is built on a sturdy slab with a durable stucco exterior finish. Nine of the ten expansive apartments have two spacious bedrooms, four of which also have two full-bathrooms. There is a single one-bedroom / one full-bathroom unit as well. Modern windows provide abundant natural light throughout the year benefiting from the property's southern exposure. Among other popular amenities, tenants enjoy contemporary kitchens with high-quality fixtures and cabinets, stainless steel appliances, stylish backsplash tile, faux granite counters, and a combination of luxurious European-inspired tile and laminate flooring. The apartment layouts were planned with large living rooms, separate dining areas, and full-size bathrooms. Community features include twenty off-street private assigned parking spaces, professionally landscaped grounds with beautiful flowers, enclosed outdoor spaces for grilling and outdoor dining shaded by tropical trees, onsite laundry facilities, and secure bike storage. Every apartment is individually equipped with modern central heating and air conditioning systems that provide year-round comfort. Electricity is metered separately and paid by tenants. City provided water and trash collection service is paid by the owner. Hot water is supplied by efficient individual in-unit tanks. Ranked last year by Tripadvisor the Number One beach in the United States, and Number Five beach in the World, St Pete Beach attracts vacationers from around the globe who enjoy walking for miles looking for shells in the sand, and dolphins in the surf. The location of the Property, undoubtedly it’s most prominent feature, places it a block to public beach access at Upham Beach Park where residents find wide stretches of powdery sand along the glittering emerald-green waters of Florida’s Gulf Coast. After a relaxing day of fun in the sun on St Pete Beach it’s time to shop, dine, and unwind in the Historic Corey Avenue Shopping District. For more than six decades this shopper’s paradise has thrived as the heart of St Pete Beach with its historic theater, unique specialty shops, art, craft, and jewelry galleries, clothing stores, and imaginative gift shops. Locals and visitors alike enjoy breakfast, brunch, lunch, or dinner at one of the many wonderful Corey Avenue restaurants offering casual fare to fine dining and entertainment. The 555 Apartments is the ideal acquisition for discerning investors seeking to establish a foothold on one of Florida’s, and the World’s, most popular coastal beach communities. Investors interested in acquiring a generational family asset to satisfy a pending 1031 Exchange, or expand, enhance and further diversify their existing portfolio of high-quality commercial real estate investments will want to tour and consider the 555 Apartments. Subject to terms and conditions, in its sole determination the Seller may be will to consider providing Seller First Mortgage Financing, however, no commitment of any kind to do so on behalf of the Seller, and/or any other party, is made here.

Features of 555 69th Avenue

MLS® # U8181771
Price $4,300,000
Bathrooms 0.00
Square Footage 7,926
Acres 0.23
Year Built 1971
Type Residential Income
Sub-Type Multi-Family
Status Active
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Listing Details

OfficeCOLDWELL BANKER REALTY

Listing Map

Neighborhood Information for 555 69th Avenue

Stable Population, Low Residential Turnover, Coastal Area, Suburb of Tampa

Weather

Highs


January 69.30℉
July 90.20℉

Lows


January 76.60℉
July 76.60℉
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Precipitation


49.58

Statistics

Number of Listings

Population Age

Home Listings Prices

Nearby Schools

Great Schools School Name Distance  
Great School

Saint John Vianney Catholic School

Catholic - Preschool to 8Th Grade - Closest Elementry School
1 Miles
Great School

Gulf Beaches Elementary Magnet School

Public - Kindergarten to 5Th Grade
1 Miles
Great School

Ami Kids Center For Personal Growth

Public - 6Th Grade to 11Th Grade
2 Miles
Great School

Pasadena Fundamental Elementary School

Public - Kindergarten to 5Th Grade
2 Miles
Great School

Argonauta Christian Pre School

Private - Preschool to Preschool
3 Miles
Great School

Alderwood Academy

Private - to
3 Miles
Great School

Gulfcoast Sda Elementary School

Private - Kindergarten to 8Th Grade - Closest Middle School
3 Miles

School data provided by GreatSchools

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