240 Unit Multifamily St Petersburg FL
Investment Highlights
St Petersburg FL 240 unit multifamily built 1973 94% occupied 1164sqFt avg size $1600 rent avg with 201/240 units in classic condition with $400k in annual rent upside after upgraded. Recent heavy CapX on roof, pool and parking. Concrete block construction with 64 townhomes unique in area. $120k AHH. Normal sale owner asking $37m / 154k ppd / 7.5% cap negotiable
Location
📍 St Petersburg FL
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Who finances deals like this
The lenders with the most recorded multifamily mortgages since 2021, from public ACRIS filings.
- JPMORGAN Chase Bank, N.a. — 6,249 loans, typically $85K–$799K
- Citizens Bank NA — 3,374 loans, typically $126K–$660K
- TD Bank NA — 2,670 loans, typically $117K–$500K
- Rocket Mortgage, LLC — 2,561 loans, typically $140K–$528K
- United Wholesale Mortgage, LLC — 2,526 loans, typically $420K–$849K
Crezly connects borrowers and lenders. Crezly is not a loan broker, does not negotiate terms, and receives no compensation contingent on any loan closing.
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
