120 47th Ave N | Saint Petersburg, FL 33703
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- LoopNet Team
120 47th Ave N
Saint Petersburg, FL 33703
Nordica Bay · Multifamily Property For Sale · 62 Units
Investment Highlights
- 62 Unit Multifamily Property in St. Petersburg, FL // Two, Four-Story Buildings Featuring Concrete Block Construction
- Capital Improvements Completed in the Last 3 Yrs: New Roof, New HVACs, New Parking Lot, New Exterior Paint, and 61% of Interiors Have Been Upgraded
- Interior Upgrades Include Stainless Steel Appliances, White Cabinets with Modern Hardware, Upgraded Countertops, & Vinyl Wood Floors
- Amenities Include a Swimming Pool, Elevator, Public Barbecue Area with Outdoor Grills, On-Site Laundry Facility, and Controlled Building Access
- Upside Through Upgrading Approximately 39% of the Interior Units
- Potential Rental Upside by Implementing a Light Value-Add Strategy to Achieve $300+ Above Current In-Place Rents
PROPERTY FACTS
| No. Units | 62 | Lot Size | 1.92 AC |
| Property Type | Multifamily | Building Size | 66,148 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1974 |
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 1.92 AC |
| Building Size | 66,148 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1974 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
- Property Manager on Site
- Elevator
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 560 |
| 1+1 | 28 | - | - |
| 2+1 | 8 | - | - |
| 2+2 | 24 | - | - |
PROPERTY TAXES
| Parcel Number | 06-31-17-36706-001-0010 | Improvements Assessment | $8,884,605 |
| Land Assessment | $3,115,395 | Total Assessment | $12,000,000 |
PROPERTY TAXES
Parcel Number
06-31-17-36706-001-0010
Land Assessment
$3,115,395
Improvements Assessment
$8,884,605
Total Assessment
$12,000,000
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