813-577-3837
120 47th Ave N, Saint Petersburg, FL for Sale
Apartments - FOR SALE
1/59
null | Request Cap Rate

120 47th Ave N
Saint Petersburg, FL 33703
Placido Bayou


HIGHLIGHTS

  • Mid-Rise Concrete Construction: Four-Story Mid-Rise Concrete Block Buildings with Elevatored Access
  • Exterior Improvements: Well-Maintained Asset with Newer Roofs (2018) and Upgraded Vinyl Windows
  • Generous Floorplans: Spacious Layouts with One-Bedrooms Averaging 780 SF and Two-Bedrooms Averaging 1,080 SF
  • Private Patios: All Two-Bedroom Units Feature Private Screened-In Patios
  • Strategically positioned along the highly accessible 4th Street North residential corridor with immediate connectivity to I-275 and Gandy Boulevard
  • Just a short walk to multiple high-quality grocers including Whole Foods, Publix Supermarkets, and The Fresh Market

OVERVIEW

Nordica Bay Apartments is a boutique 62-unit multifamily community located in one of St. Petersburg’s most desirable urban infill submarkets. Positioned along the highly accessible 4th Street North corridor, the four-story, elevator-served concrete property offers seamless connectivity to I-275, Gandy Boulevard, downtown St. Petersburg, and major employment and medical hubs including St. Anthony’s Hospital and Johns Hopkins All Children’s Hospital. The surrounding area features strong demographics, excellent walkability, and close proximity to top grocers, dining, nightlife, and the region’s premier waterfront and beaches. The well-maintained asset features newer roofs and windows, spacious layouts with one-bedrooms averaging 780 SF and two-bedrooms averaging 1,080 SF, and private screened-in patios in all two-bedroom units. Residents enjoy a robust amenity package including a swimming pool, grilling area, dog park, secured access, trash chutes, and on-site laundry. Nordica Bay presents a compelling light value add opportunity through in-unit washer/dryer installations, expanded outdoor amenity areas, and interior hallway upgrades driving future rent growth and long-term value creation.

FOR SALE DETAILS

PRICE

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# OF UNITS

62

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nordica Bay

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

-

APN/PARCEL ID

06-31-17-36706-001-0010

ASK ABOUT THIS PROPERTY

Mark SavareseFranklin StreetMore Info
813-577-3837

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Mark SavareseFranklin StreetMore Info
813-577-3837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.