8400 49th St N - Apartments FOR SALE
Pinellas Park, FL 33781 |
813-462-4214
8400 49th St N
Pinellas Park, FL 33781
HIGHLIGHTS
- Desirable 1980s vintage 286-unit gated community in Pinellas Park, FL built of concrete block construction.
- Ideally located Florida’s most densely populated county, Pinellas county, and just outside the Gateway business district.
- Over $3.2 million in transformative capital expenditures since acquisition.
- Attractive unit mix of 17% one-bedroom and 83% two-bedroom floor plans with majority of units with washer/dryers.
- Excellent property performance with 5% average physical vacancy and over 8% organic increase in net rental income over the last year.
- Available free and clear or subject to accretive assumable Freddie Mac debt at a 3.59% interest-rate with potential for new supplemental debt.
OVERVIEW
Located in the most densely populated county of Florida, the property lies in a central part of the Tampa Bay region, just north of St. Petersburg, near the Gateway Business District with over 2,700 businesses and 60,000 employees in the vicinity. The property is well built of concrete block construction with concrete subfloors.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
49th Street Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1984
PARKING SPACES
-
LAND DETAILS
LAND ACRES
17.92 AC
LAND SF
780,595 SF
ZONING
RMF
APN/PARCEL ID
28-30-16-69858-100-0304
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813-462-4214
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813-462-4214
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