200 78th Ave N | Saint Petersburg, FL 33702
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- LoopNet Team
200 78th Ave N
Saint Petersburg, FL 33702
Rio Vista Village · Multifamily Property For Sale
·
248 Units
INVESTMENT HIGHLIGHTS
- Irreplaceable, Infill Location in the Highly Desirable North St. Petersburg Submarket with Prominent Road Frontage Along 4th Street
- Potential to Renovate Existing Laundry Facilities into Onsite Storage to Generate Additional Income
- 94% Submarket Occupancy Signaling Strong Demand for Rental Product in the Area
- Ability to Acquire a Stabilized, Cash-Flowing Asset with Untapped Value-Add Potential
- High-Quality, Concrete Block Construction
- 3.9% Projected Annual Rent Growth Through 2029
PROPERTY FACTS
| No. Units | 248 | Lot Size | 14.69 AC |
| Property Type | Multifamily | Building Size | 206,524 SF |
| Property Subtype | Apartment | Average Occupancy | 88% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1974/2008 |
| Zoning | NSM-1 - NEIGHBORHOOD SUBURBAN MULTI-FAMILY | ||
| No. Units | 248 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.69 AC |
| Building Size | 206,524 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2008 |
| Zoning | NSM-1 - NEIGHBORHOOD SUBURBAN MULTI-FAMILY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Ice Maker
- Range
- Walk-In Closets
- Trash Compactor
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Spa
- Car Wash Area
- Grill
- Planned Social Activities
- Smoke Free
- Trash Pickup - Door to Door
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 128 | - | 660 |
| 2+1 | 100 | - | 800 |
| 3+1 | 20 | - | 960 |
PROPERTY TAXES
| Parcel Number | 30-30-17-47498-001-0010 | Improvements Assessment | $8,322,698 |
| Land Assessment | $12,152,302 | Total Assessment | $20,475,000 |
PROPERTY TAXES
Parcel Number
30-30-17-47498-001-0010
Land Assessment
$12,152,302
Improvements Assessment
$8,322,698
Total Assessment
$20,475,000
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