Multi family homes for sale Tampa, FL

Off Market

Property type: Multifamily

Waterfront Multifamily 70 Unit Opportunity

The Bayside, in Winter Park, Florida

Waterfront 70 Unit Opportunity! Recently Renovated!

The Bayside opportunity comprises two waterfront and neighboring multifamily assets (Bayside Villas & Bayside Villas East) located in the sought-after South Pasadena submarket of the Tampa/St. Petersburg MSA. Historically over 99% occupied, the properties include a combined 70 units and have recently undergone $3.4M in capital improvements, bringing the units up to condo-grade interiors. In addition, significant investment in exteriors and resort-style landscaping has maximized common areas and water access.

As a result of the capital expenditure program, the properties offer a compelling opportunity to drive rents to market levels with limited near-term capital requirements. Bayside represents the rare opportunity to acquire institutionally managed and upgraded waterfront multifamily assets in the high-growth Tampa/St. Petersburg MSA.

Property Highlights:

Two waterfront neighboring Multifamily assets
Located in sought-after South Pasadena submarket of the Tampa/St. Petersburg MSA
Over 99% Occupied
70 Units combined
Recently underwent $3,400,000 in capital improvements