Aqua 550
Closed550 50th Ave N, St Petersburg, FL 33703
Property type
Multifamily
Unit / Space count
40
Price
Subject to Offer
Building size
37,004 sf
Rentable area
37,004 SF
Year built
1969
Year renovated
Occupancy
Zoning code
Lot size
1.23 Acres
Sold/status
Sold · Date unknown
Unit mix
29x
2br
Bedroom count
CAP
4.40%
Property description
Aqua 550 is a 40-unit multifamily community located in St Petersburg, FL. Aqua 550 has a highly desirable unit mix with 72.5% two-bedroom floor plans and offers attractive amenities such as a swimming pool, grilling area, dog park, laundry facilities, assigned parking, and on-site leasing office. Select units have been upgraded and features include stainless steel appliances, white cabinets, upgraded countertops, and vinyl plank flooring. Aqua 550 is conveniently located 10 minutes from Downtown St. Petersburg with major employers including St. Anthony’s Hospital, Albert Whitted Airport, University of South Florida - St. Pete Campus, Johns Hopkins All Children’s Hospital, Bayfront Health St. Petersburg, and Tropicana Field.
Property highlights
- Sourced 1031 Exchange Buyer From Out-of-State
- Franklin Street Secured Financing & Insurance for the Buyer
- Navigated Rising Interest Rates and Hardening Insurance Market
- Generated 10+ Competitive Offers in Less Than 4-Week Marketing Process