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.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
49th Street Apartments - CFO is 6/18/25
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
-
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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