Multifamily
The Residences at Royal Palm
701 1st St, Indian Rocks Beach, FL 33785
Listing Price: $2,195,000
Investment Overview
Fully renovated 10-unit apartment community located just steps from the white sand beaches of Indian Rocks Beach, one of Tampa Bay’s most desirable coastal submarkets
The Residences at Royal Palm
Investment Highlights
- Fully renovated 10-unit apartment community located just steps from the white sand beaches of Indian Rocks Beach, one of Tampa Bay's most desirable coastal submarkets
- Attractive unit mix consisting of eight spacious one-bedroom / one-bath units and two oversized two-bedroom / two-bath units
- Thoughtfully designed outdoor common area featuring grilling stations, seating areas, and coastal-inspired seashell landscaping, creating a true beach-lifestyle experience for residents
- Strong rental upside with nearby comparable properties achieving approximately $200-$300 monthly rental premiums, presenting investors with a clear path to continued NOI growth
- Indian Rocks Beach continues to attract both tenants and investors due to its limited housing inventory, walkable beach-town atmosphere, and proximity to major employment hubs
- The area is well-known for its laid-back coastal lifestyle, highly rated local dining scene, waterfront bars, entertainment venues, and boutique beach-town charm that differentiates it from more densely populated Gulf Coast markets
- 10-minute walk to CVS, and 5-minute drive to Publix Super Market at Indian Rocks Shopping Center, with numerous grocery, retail and dining options
- Residents and visitors are drawn to Indian Rocks Beach for its quiet beaches, strong sense of community, and convenient access to Clearwater, St. Petersburg and Tampa
Investment Highlights
- Fully renovated 10-unit apartment community located just steps from the white sand beaches of Indian Rocks Beach, one of Tampa Bay's most desirable coastal submarkets
- Attractive unit mix consisting of eight spacious one-bedroom / one-bath units and two oversized two-bedroom / two-bath units
- Thoughtfully designed outdoor common area featuring grilling stations, seating areas, and coastal-inspired seashell landscaping, creating a true beach-lifestyle experience for residents
- Strong rental upside with nearby comparable properties achieving approximately $200-$300 monthly rental premiums, presenting investors with a clear path to continued NOI growth
- Indian Rocks Beach continues to attract both tenants and investors due to its limited housing inventory, walkable beach-town atmosphere, and proximity to major employment hubs
- The area is well-known for its laid-back coastal lifestyle, highly rated local dining scene, waterfront bars, entertainment venues, and boutique beach-town charm that differentiates it from more densely populated Gulf Coast markets
- 10-minute walk to CVS, and 5-minute drive to Publix Super Market at Indian Rocks Shopping Center, with numerous grocery, retail and dining options
- Residents and visitors are drawn to Indian Rocks Beach for its quiet beaches, strong sense of community, and convenient access to Clearwater, St. Petersburg and Tampa
Investment Overview
Fully renovated 10-unit apartment community located just steps from the white sand beaches of Indian Rocks Beach, one of Tampa Bay’s most desirable coastal submarkets
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