1003 Apollo Beach Dr
Apollo Beach, FL 33572
Mainsail Apartments · Multifamily Property For Sale · 16 Units

Mainsail is a 16-unit apartment community located in the South Shore submarket of Hillsborough County, Florida. The property is made up of two, two-story buildings, surrounding a sparkling swimming pool and backing up to a waterfront canal, sitting on 0.33 acres. Building one which has 10 of the 16 units was built in 1974 of concrete block with a pitched shingle roof and a painted stucco facade. The unit mix consists of four, one-bedroom and one-bathroom units (735 square feet) twelve, two-bedroom and one-bathroom units (888 square feet). Building two, the remaining six units, was built in 1989 of concrete block construction with a pitched shingle roof and a painted stucco facade. The unit mix consists of six, two-bedroom and one-bathroom units (888 square feet). Units feature large, open floor plans with central heat and air-conditioning, private balconies, canal and pool views, dishwasher and above range microwave ovens in select units. Community amenities include lush tropical landscaping, a sparkling swimming pool, two recently renovated on-site laundry centers, waterfront living and off-street parking. The common area also features an open green space between the water canal and the swimming pool. This area could be amenitized to enhance the resident experience by adding a tenant gathering area and constructing four boat slips and a dock. The potential upgrades have approval through the property authorities by the current ownership. Over the last 20 months, the current owners have injected over $210,000 in capital improvements to the property. Common area improvements have included full renovation to both onsite laundry centers, new equipment and upgrades to the pool and surrounding area, upgrades to the curb appeal including landscaping, lighting and fencing, and repair and painting of the stair system. Unit improvements included 12 of 16 units updated, and miscellaneous replacements as needed including windows, appliances and central cooling and heating systems.