CBRE is proud to present Armature Square Apartments, a 90-unit, multifamily investment opportunity nestled in the vibrant and rapidly growing city of St. Petersburg, Florida. Built in 1983, this well-established community is constructed with durable two-story concrete block, ensuring longevity and low maintenance. Armature Square offers a variety of floor plans to its residents, including one and two-bedroom units. Armature Square boasts a completely revitalized exterior and the community is equipped with a variety of amenities, including a swimming pool. The combination of updated amenities and an attractive exterior sets Armature Square apart in the competitive St. Petersburg rental market. Strategically located, the Property is just minutes away from the bustling Downtown St. Petersburg to the east, where residents can enjoy a dynamic array of dining, shopping, and entertainment options. To the west, the top ranked St. Petersburg Beach offers pristine sandy shores and a laid-back coastal lifestyle, making it an ideal location for those who appreciate both urban and beach living. With its solid construction, upgraded units, and prime location, Armature Square presents a compelling investment opportunity for those looking to capitalize on the growth and development of St. Petersburg. The Property’s potential for increased rental income and its appealing amenities make it a desirable choice for residents, ensuring strong demand and stable returns for investors.