Value-Add 57-Unit Apartment
For Sale
Contact for pricing
Pending
3435 3rd Ave N, St Petersburg, FL 33713
Concrete-block, 57-unit apartment community with a mix of one- and two-bedroom homes and 21 recently renovated units.
Property SizeContact for details
Days on Market118
Property Features for 3435 3rd Ave N
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
JLL - Tampa, Florida
(303) 525-8133
Listed By:
Joe Thavis · License #FL 3413769
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Aug 6 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Tampa, Florida
Investment Insights
Based on property information with market context.
Loft at Third is a 57-unit value-add multifamily property constructed of concrete block. The building includes forty-eight (48) one-bedroom, one-bathroom units and nine (9) two-bedroom, one-bathroom units. Current ownership has fully renovated 21 units, while 36 “classic” units feature white shaker cabinets, vinyl plank flooring, formica countertops, and a tile backsplash.
The property is centrally located 2.5 miles from Downtown St. Petersburg to the east and approximately 4 miles from the internationally recognized Pinellas County beaches to the west. It is also about 1.9 miles from the 86-acre Tropicana Field master redevelopment site.
According to CoStar, Downtown experienced 22.7% rent growth over the past 12 months. Loft at Third’s stated renovation upside is that executing a higher quality renovation package (including modern lighting, granite countertops, USB outlets, and stainless-steel appliances) has the potential to bring effective rents to market levels, with average rental rates projected to be $296 higher than the current in-place rents.
The property is centrally located 2.5 miles from Downtown St. Petersburg to the east and approximately 4 miles from the internationally recognized Pinellas County beaches to the west. It is also about 1.9 miles from the 86-acre Tropicana Field master redevelopment site.
According to CoStar, Downtown experienced 22.7% rent growth over the past 12 months. Loft at Third’s stated renovation upside is that executing a higher quality renovation package (including modern lighting, granite countertops, USB outlets, and stainless-steel appliances) has the potential to bring effective rents to market levels, with average rental rates projected to be $296 higher than the current in-place rents.
Key Highlights
- 57‑unit multifamily community with a concrete‑block construction and a mix of 1‑bedroom/1‑bath and 2‑bedroom/1‑bath units
- Unit mix: 48 one‑bedroom/one‑bath units and 9 two‑bedroom/one‑bath units
- Ownership completed renovations on 21 units; remaining classic units include white shaker cabinets, vinyl plank flooring, formica countertops, and tile backsplash
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Concrete-block, 57-unit apartment community with a mix of one- and two-bedroom homes and 21 recently renovated units.
Where is this apartment building located?
The property is located at 3435 3rd Ave N St Petersburg, FL.
What are key features of this property?
This property features: 57‑unit multifamily community with a concrete‑block construction and a mix of 1‑bedroom/1‑bath and 2‑bedroom/1‑bath units; Unit mix: 48 one‑bedroom/one‑bath units and 9 two‑bedroom/one‑bath units; Ownership completed renovations on 21 units; remaining classic units include white shaker cabinets, vinyl plank flooring, formica countertops, and tile backsplash
