8400 49th St N | Pinellas Park, FL 33781
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- LoopNet Team
8400 49th St N
Pinellas Park, FL 33781
49th Street Apartments · Multifamily Property For Sale
·
286 Units
INVESTMENT HIGHLIGHTS
- Desirable 1980s vintage 286-unit gated community in Pinellas Park, FL built of concrete block construction.
- Over $3.2 million in transformative capital expenditures since acquisition.
- Excellent property performance with 5% average physical vacancy and over 8% organic increase in net rental income over the last year.
- Ideally located Florida’s most densely populated county, Pinellas county, and just outside the Gateway business district.
- Attractive unit mix of 17% one-bedroom and 83% two-bedroom floor plans with majority of units with washer/dryers.
- Available free and clear or subject to accretive assumable Freddie Mac debt at a 3.59% interest-rate with potential for new supplemental debt.
PROPERTY FACTS
| No. Units | 286 | Lot Size | 17.92 AC |
| Property Type | Multifamily | Building Size | 205,281 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1984 |
| Building Class | B | ||
| Zoning | RMF - Residential Multi family | ||
| No. Units | 286 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 17.92 AC |
| Building Size | 205,281 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Zoning | RMF - Residential Multi family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Grill
- Package Service
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 49 | - | 606 |
| 2+1 | 159 | - | 707 |
| 2+2 | 78 | - | 808 - 818 |
PROPERTY TAXES
| Parcel Number | 28-30-16-69858-100-0304 | Improvements Assessment | $21,685,515 |
| Land Assessment | $11,314,485 | Total Assessment | $33,000,000 |
PROPERTY TAXES
Parcel Number
28-30-16-69858-100-0304
Land Assessment
$11,314,485
Improvements Assessment
$21,685,515
Total Assessment
$33,000,000
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