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North Redington Beach Portfolio 2 Properties Offered at $6,650,000 in North Redington Beach, FL
INVESTMENT HIGHLIGHTS
- Majority of two-bedroom units feature private balconies or patios
- Offering includes two additional parcels next to the hard corner of Gulf Blvd, offering prime future development potential
- Roofs on two of three buildings replaced in 2019; electrical and HVAC systems have been incrementally updated
- Rental comps show strong upside: two-bedroom units are $800–$925 below market; one-bedroom units are $600–$795 below market
- 11 units currently occupied, generating $108,720 in-place income; 14 hurricane-impacted units are remediated and ready for renovations
- Centrally positioned between Clearwater Beach and St. Pete Beach, the property benefits from a quiet, highly desirable coastal setting
EXECUTIVE SUMMARY
Seller Financing options available. Reach out to the broker to discuss terms. Portfolio sale includes an existing 25-unit apartment complex with two adjacent parcels of land situated in the heart of North Redington Beach, immediately adjacent to Gulf Boulevard and public beach access to world-renowned, top-rated gulf beaches. $5,250,000 for the apartment units ($210,000 per unit) and $1,400,000 for both parcels of land with future development potential. Property includes 25 units: 17 two-bed/two-bath, one two-bed/one-bath, and seven one-bed/one-bath. North Redington Beach surrounding area consists of low-rise condos, boutique hotels, and waterfront homes, offering rare beachfront living without high-density development. Numerous entertainment and dining options within walking distance; five minutes to CVS Pharmacy and eight minutes to Publix Supermarket. Approximately 30 minutes to Clearwater, St. Petersburg, and 40 minutes from Tampa International Airport and Tampa’s Westshore Business District, with more than 4,000 businesses and 100,000 employees.
PROPERTY FACTS
| Price | $6,650,000 | Number of Properties | 2 |
| Price / SF | $946.89 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 7,023 SF |
| Status | Active | Total Land Area | 1.75 AC |
| Price | $6,650,000 |
| Price / SF | $946.89 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,023 SF |
| Total Land Area | 1.75 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 12 Bath Club Cir, North Redington Beach, FL 33708 | Land | 0.61 AC | - | - |
| 16800 1st St E, North Redington Beach, FL 33708 | Multifamily | 7,023 SF | 1975 | - |
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North Redington Beach Portfolio
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