The Multifamily Firm is pleased to present The Bungalows on 50th, a 12-unit apartment complex in St. Petersburg, Florida, offering investors an exceptional value-add opportunity with potential seller financing available for a qualified buyer. The property features 12 units across nine buildings on a 0.57-acre parcel, including a large 3-bedroom, 2-bathroom house, three duplexes, and five individual bungalows. With current rents well below market, government-subsidized housing supports rent levels $600–$900 per month higher than existing averages, creating significant upside potential and a clear path to enhanced returns. Situated in a non-flood zone (Zone X), the property benefits from lower insurance expenses and is ideally located within 10 minutes of Downtown St. Pete and the Gateway Business District, home to more than 2,700 businesses and 60,000 employees. The Bungalows on 50th is also available as part of a 33-unit portfolio that includes two nearby assets totaling 13 and 8 units just half a mile north, providing a rare opportunity to scale within a high-demand submarket of the Tampa Bay MSA.