3157 Nautical Pl S - Apartments FOR SALE


Saint Petersburg, FL 33712- Maximo
$4,100,000 USD
724-272-9001
3157 Nautical Pl S, Saint Petersburg, FL for Sale
$4,100,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

3157 Nautical Pl S
Saint Petersburg, FL 33712
Maximo


HIGHLIGHTS

  • This portfolio features modern three-bedroom/two-and-one-half bathrooms ranging from 1,920 to 1,970 sqft each with an attached garage
  • Within the last 1.5 years, the average (non-waterview) trade within the community was $560,000
  • Investors can pursue a phased retail sellout, long-term rental hold, bulk disposition or hybrid strategy

OVERVIEW

2016 built, 10-unit condominium portfolio offered at a substantial bulk discount. Opportunity to execute a phased sellout strategy with projected 25%+ returns based on recent individual sales within the Cove at Loggerhead Marina community. This portfolio features modern three-bedroom/two-and-one-half bathrooms ranging from 1,920 to 1,970 sqft each with an attached garage. Located within the gated Cove at Loggerhead Marina, a highly sought-after boating community featuring direct Gulf access, marina amenities and a resort-style waterfront lifestyle. Positioned within the desirable Greater Pinellas Point submarket, offering convenient access to Downtown St. Petersburg, Fort De Soto Park, Gulf beaches, Tampa Bay Westshore employment centers and the Sunshine Skyway corridor. The Tampa-St. Petersburg MSA continues to benefit from population growth, employment expansion, and a diversified economic base anchored by healthcare, financial services and tourism.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

10

PRICE/UNIT

$410,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cove at Loggerhead Marina (10 Units)

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,224 SF

ZONING

-

APN/PARCEL ID

11-32-16-18731-000-0300,11-32-16-18731-000-0510,11-32-16-18731-000-0520,11-32-16-18731-000-0530,11-32-16-18731-000-0540,11-32-16-18731-000-0550,11-32-16-18731-000-0560,11-32-16-18731-000-0570,11-32-16-18731-000-0580,11-32-16-18731-000-0760

ASK ABOUT THIS PROPERTY

Zachary BrownMarcus & MillichapMore Info
724-272-9001

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Zachary BrownMarcus & MillichapMore Info
724-272-9001

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