16850 1ST ST E North Redington Beach FL 33708

OFFERING MEMORANDUM AND FINANCIALS AVAILABLE VIA ‘See Due Diligence’ BUTTON.

Please reach out to Zach Brown ([email protected]) to discuss the deal.

• 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

• Majority of two-bedroom units feature private balconies or patios

• Rental comps show strong upside: two-bedroom units are $800–$925 below market; one-bedroom units are $600–$795 below market

• Offering includes two additional parcels next to the hard corner of Gulf Blvd, offering prime future development potential

• 11 units currently occupied, generating $108,720 in-place income; 14 hurricane-impacted units are remediated and ready for renovations

• Roofs on two of three buildings replaced in 2019; electrical and HVAC systems have been incrementally updated

• North Redington Beach surrounding area consists of low-rise condos, boutique hotels, and waterfront homes, offering rare beachfront living without high-density development

• Centrally positioned between Clearwater Beach and St. Pete Beach, the property benefits from a quiet, highly desirable coastal setting

• 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