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$4,300,000
555 69th Ave, St Pete Beach, FL 33706
0 Beds
0 Baths
7,926 SqFt

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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.
  • Price:
  • $4,300,000
  • Square Footage:
  • 7,926
  • Acreage:
  • 0.23
  • Year Built:
  • 1971
  • Listing ID #:
  • MFRU8181771
  • Street Address:
  • 555 69th Ave
  • City:
  • St Pete Beach
  • State:
  • Florida
  • Postal Code:
  • 33706
  • County:
  • Pinellas
  • Community:
  • Pass A Grille Bch/St Pete Bch/Treasure Isl
  • Subdivision:
  • Beach Plaza Sec Of St Pete Beach
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Total Liveable Area:
  • 7926
  • Construction Type:
  • Block, Concrete, Stucco
  • Exterior Features:
  • Courtyard, Fence, Lighting, Other, Rain Gutters, Sliding Doors, Storage
  • Foundation:
  • Slab
  • Interior Features:
  • Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat, Window Treatments
  • Number Of Units:
  • 10
  • Total # Of Buildings:
  • 1
  • Type Of Roof:
  • Built-Up
  • Year Built:
  • 1971
  • Annual Income:
  • 215045.00
  • Federal Flood Zone:
  • Ae
  • Lot Square Footage:
  • 10001
  • Road Type:
  • Asphalt
  • Days On Market:
  • 89
  • On Market Date:
  • 2022-11-08
  • Originating Mls:
  • Mfrmls
  • Ownership:
  • Fee Simple
  • Property Taxes:
  • $13,637
  • Tax Year:
  • 2021
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Heating:
  • Central, Electric
  • Sewage Type:
  • Public Sewer
  • Utilities:
  • Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Patrick Whitney 727-581-9411 with COLDWELL BANKER REALTY
  • © 2023 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.
    The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
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