301 Seacrest Dr | Largo, FL 33771
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- LoopNet Team
301 Seacrest Dr
Largo, FL 33771
Central Park at East Bay · Multifamily Property For Sale
·
111 Units
Investment Highlights
- Spacious Floor Plans Averaging Over 1,000 Sq Ft Including 68% 2-Bedroom 1.5-Bath Units at 1,100 Sq Ft and 32% 1-Bedroom 1-Bath Units at 850 Sq Ft
- Washer/Dryer Connections in Every Apartment. Owner Supplies the Machines in 71 Units (64%) for Additional $45 Monthly Charge
- Submarket Projected for 5.4% Compounded Annual Year-Over-Year Rent Growth in the Next Five Years (RealPage, Largo/Seminole Submarket, 2026-2030)
- Property is Above 95% Occupancy and Organic Rent Growth and Loss to Lease Recapture is Ready to be Captured
- High Barrier-to-Entry Location in Pinellas County, with No Market-Rate Multifamily Properties Under Construction within a 1-Mile Radius (Costar)
- Property is Located Just a Short Drive to the World Famous Gulf Beaches and Some of the Areas Most Affluent Neighborhoods like Belleair Beach
Property Facts
| No. Units | 111 | Building Size | 110,854 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2018 |
| Building Class | C | Parking Ratio | 1.66/1,000 SF |
| Lot Size | 7.47 AC | ||
| Zoning | RM-15, Largo | ||
| No. Units | 111 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.47 AC |
| Building Size | 110,854 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2018 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | RM-15, Largo |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Stainless Steel Appliances
Site Amenities
- Clubhouse
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Grill
- Laundry Service
- Pet Play Area
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 850 |
| 2+1.5 | 75 | - | 1,100 |
Property Taxes
| Parcel Number | 36-29-15-70236-100-1000 | Improvements Assessment | $9,082,190 |
| Land Assessment | $3,452,810 | Total Assessment | $12,535,000 |
Property Taxes
Parcel Number
36-29-15-70236-100-1000
Land Assessment
$3,452,810
Improvements Assessment
$9,082,190
Total Assessment
$12,535,000
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