Michaelson Real Estate Group, LLC & Equity Partner Acquire Serenity Creek Apartments

Michaelson Real Estate Group, LLC and one of its equity partners have acquired Serenity Creek, a multifamily property with spacious units centrally located in the hub of St. Petersburg, minutes from area beaches and downtown St. Petersburg.  Michaelson will provide full-service property management.

Serenity Creek is comprised of 7 two-story buildings on 3.16 acres.  The 90-unit community consists of 1 and 2 bedroom apartments in three floor plans.  The community boasts professionally renovated units averaging close to 800 square feet.  The units feature oversized kitchens with upgraded cabinetry, countertops, tiled backsplash and tiled accent wall.  Kitchen appliances include microwave and dishwasher. The units also feature wood-like plank flooring, washer/dryer hook ups, private patios and balconies. Amenities include a sparkling pool, picnic/barbeque area with grills, fire pit with seating areas in courtyard, and on-site laundry facility.  Located at 4201 49th Street North, its superb location and close proximity to 1-275 and U.S. 19, make the property a convenient location to top employers and entertainment.

About Michaelson
Michaelson specializes in enhancing multifamily values through marketing, management and repositioning.  The principal is a seasoned real estate executive and entrepreneur that has over 35 years of experience in the multifamily market including the development, construction, property management and advisory of over 100,000 multifamily units.

For further information please contact:
Michaelson Real Estate Group     Michael Moses | mmoses@michaelsongroup.com