Casa De La Rosa Apartments
Closed120 47th Ave N, St Petersburg, FL 33703
Property type
Multifamily
Unit / Space count
62
Price
$14,900,000
Building size
66,148 sf
Rentable area
66,148 SF
Year built
1974
Year renovated
Occupancy
Zoning code
Lot size
1.92 Acres
Sold/status
Sold · Date unknown
Sale price
$14900000
Bedroom count
Property description
Casa De La Rosa is a 62 unit multifamily property located in St. Petersburg, FL. The property includes 2, four story buildings, featuring concrete block construction. Amenities include a swimming pool, on-site laundry facilities, controlled building access, an elevator, and a barbecue area with outdoor grills. Interior upgrades include vinyl wood floors, stainless steel appliances, white cabinets with modern hardware, and upgraded countertops. The property features potential rental upside by implementing a light value-add strategy to achieve $300+ above current in-place rents. Casa De La Rosa is convenient to several major retailers, employers and destinations, and is only a 9 minute drive to Downtown St. Petersburg. Casa De La Rosa is located 11 miles from St. Pete Beach, voted the #1 beach in America by Trip Advisor in 2021. The community is also within 1 block from 4th Street N, a major thoroughfare featuring hundreds of national retailers. Among these retailers include 2 Publix Supermarkets, a Fresh Market, and a Trader Joes, all within a 5 minute drive to Casa De La Rosa. Within 4 miles is the St. Pete Pier, a new $92 million redevelopment that features 26 acres of restaurants, retailers, public art, and green spaces. Vinoy Park, an 11.6-acre waterfront park is within 3 miles and is a popular local outdoor concert and events venue. Casa De La Rosa is surrounded by major employers including St. Anthony’s Hospital (3.5 Mi), Bayfront Health Hospital (4.4 Mi), Johns Hopkins All Children’s Hospital (4.0 Mi), Tropicana Field (4.1 Mi), and the University of South Florida - St. Pete Campus (3.7 Mi) Casa De La Rosa offers an investor a well-maintained asset in a convenient St. Petersburg location with the potential for rental upside through a light value-add strategy. The strong nearby city development, combined with major nearby employers ensures continued rental demand in the current and future market.
Property highlights
- 62 Unit Multifamily Property in St. Petersburg, FL
- Two, Four-Story Buildings Featuring Concrete Block Construction
- Amenities Include a Swimming Pool, Elevator, Public Barbecue Area with Outdoor Grills, On-Site Laundry Facility, and Controlled Building Access
- Great St. Petersburg Location, Only 9 Minutes From Downtown
- Located 1 Block from 4th Street - A Major Thoroughfare Featuring Hundreds of National Retailers, Employers, and Restaurants
- Convenient to the New $92-Million St. Pete Pier (4 Mi) and the Vinoy Park Waterfront Venue (3 Mi)
- Within a 5 Minute Drive to Two Publix Supermarkets, The Fresh Market, and Trader Joes
- Within 11 Miles of St. Pete Beach; Voted the #1 Beach in the U.S. (Trip Advisor, 2021)