2424 W Tampa Bay Blvd - Apartments FOR SALE


Tampa, FL 33607- Riverside
$5,900,000 USD
813-334-1184
2424 W Tampa Bay Blvd, Tampa, FL for Sale
$5,900,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

2424 W Tampa Bay Blvd
Tampa, FL 33607
Riverside


HIGHLIGHTS

  • 1989 concrete block construction
  • All units recently renovated with tile flooring and updated cabinetry
  • Building features elevator access for ease of entry
  • Attractive unit mix, with large two-, and three-bedroom units
  • All units feature washer/dryer hookups
  • Lower price-point opportunity to own in larger-scale, amenitized community with marina and boat ramp

OVERVIEW

32-unit bulk condominium portfolio – 100% of units all within standalone building fronting scenic Hillsborough River in Tampa, Florida. Building is part of greater 195-unit amenitized riverfront condominium community. All units vacant and ready for immediate implementation of individual sale business plan. Price per unit is 40.5% lower than recent individual sale comps average – $5,900,000 bulk purchase price, with $8,040,000 potential cumulative individual sale value. Gated, waterfront condominium community facing the Hillsborough River. Amenities include boat ramp, boat slips, two riverfront pools, a clubhouse with a full kitchen, a fitness center, tennis and racquetball courts, a dog park, and trailer parking for boats or kayaks. Minutes from Downtown Tampa, SOHO, Riverwalk, Channelside, Armature Works, Raymond James Stadium, and I-275.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

32

PRICE/UNIT

$184,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marina Club Condos

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1989

PARKING SPACES

250

LAND DETAILS

LAND ACRES

15.19 AC

LAND SF

661,574 SF

ZONING

PD

APN/PARCEL ID

A-11-29-18-4P3-000000-0A202.0,A-11-29-18-4P3-000000-0A210.0,A-11-29-18-4P3-000000-0C103.0,A-11-29-18-4P3-000000-0C107.0,A-11-29-18-4P3-000000-0C201.0,A-11-29-18-4P3-000000-0D204.0,A-11-29-18-4P3-000000-0D206.0,A-11-29-18-4P3-000000-0F203.0,A-11-29-18-4P3-000000-0G105.0,A-11-29-18-4P3-000000-0G209.0,A-11-29-18-4P3-000000-0I202.0,A-11-29-18-4P3-000000-0I205.0,A-11-29-18-4P4-000000-0L101.0,A-11-29-18-4P4-000000-0L301.0,A-11-29-18-4P5-000000-00000.0,A-11-29-18-4P5-000000-0M201.0,A-11-29-18-4P5-000000-0M202.0

ASK ABOUT THIS PROPERTY

Ned RobertsRPH MultifamilyMore Info
813-334-1184

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Ned RobertsRPH MultifamilyMore Info
813-334-1184

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