Multifamily
Marina Club Condos
2424 W Tampa Bay Blvd, Tampa, FL 33607
Listing Price: $5,900,000
Cap Rate
1.00%
GRM
5,900,000.00
Investment Overview
32-unit bulk condominium portfolio – 100% of units all within standalone building fronting scenic Hillsborough River in Tampa, Florida
Marina Club Condos
Investment Highlights
- 32-unit bulk condominium portfolio – 100% of units all within standalone building fronting scenic Hillsborough River in Tampa, Florida
- Building is part of greater 195-unit amenitized riverfront condominium community
- All units vacant and ready for immediate implementation of individual sale business plan
- Price per unit is 26% lower than recent individual sale comps average – $7,500,000 bulk purchase price, with $9,440,000 potential cumulative individual sale value
- 1989 concrete block construction
- All units recently renovated with tile flooring and updated cabinetry
- Building features elevator access for ease of entry
- Attractive unit mix, with large two-, and three-bedroom units
Exclusively Listed By
Financing By
Investment Highlights
- 32-unit bulk condominium portfolio – 100% of units all within standalone building fronting scenic Hillsborough River in Tampa, Florida
- Building is part of greater 195-unit amenitized riverfront condominium community
- All units vacant and ready for immediate implementation of individual sale business plan
- Price per unit is 26% lower than recent individual sale comps average – $7,500,000 bulk purchase price, with $9,440,000 potential cumulative individual sale value
- 1989 concrete block construction
- All units recently renovated with tile flooring and updated cabinetry
- Building features elevator access for ease of entry
- Attractive unit mix, with large two-, and three-bedroom units
Investment Overview
32-unit bulk condominium portfolio – 100% of units all within standalone building fronting scenic Hillsborough River in Tampa, Florida
Exclusively Listed By
Financing By
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