The Morgan, a 304-unit apartment complex located at 5473 27th Street S., St. Petersburg, has entered bankruptcy and is up for auction with a minimum bid of $42 million.
The property consists of 27 three-story structures with over 315,000 square feet of living space spread across 21 acres of land. They were built in 1972 and renovated in 2015.
Onsite are 144 one-bedroom/one-bath units ranging between 663 and 1,060 square feet, 130 two-bedroom/two-bath units ranging between 1,062 and 1,302 square feet, and 30 three-bedroom/two-bath units ranging between 1,530 and 1,731 square feet…