Waterfront 70 Unit Opportunity! Recently Renovated!
The Bayside opportunity comprises two waterfront and neighboring multifamily assets (Bayside Villas & Bayside Villas East) located in the sought-after South Pasadena submarket of the Tampa/St. Petersburg MSA. Historically over 99% occupied, the properties include a combined 70 units and have recently undergone $3.4M in capital improvements, bringing the units up to condo-grade interiors. In addition, significant investment in exteriors and resort-style landscaping has maximized common areas and water access.
As a result of the capital expenditure program, the properties offer a compelling opportunity to drive rents to market levels with limited near-term capital requirements. Bayside represents the rare opportunity to acquire institutionally managed and upgraded waterfront multifamily assets in the high-growth Tampa/St. Petersburg MSA.
Two waterfront neighboring Multifamily assets
Located in sought-after South Pasadena submarket of the Tampa/St. Petersburg MSA
Over 99% Occupied
70 Units combined
Recently underwent $3,400,000 in capital improvements
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listed with Carter Collison.