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26333937
26333938

2424 West Tampa Bay Boulevard, Tampa, FL 33607

NR
FL SL3211874
Marcus & Millichap - RPH Multifamily Group
JH
FL SL3265708
Marcus & Millichap - RPH Multifamily Group
Listed by Marcus & Millichap - RPH Multifamily Group
$5,900,000
295 days on market
Updated 16 days ago

The Marina Club Condos

Details
APN A-11-29-18-9MP-00000-00101.0 — A-11-29-18-9MP-00000-00408.0
Property Type Multifamily
Sub Type Apartment Building
Square Footage 32,584
Units 32
Price per SqFt $181
Year Built 1989
Buildings 1
Stories 4
Zoning PD

100% OF UNITS WITHIN 32-UNIT STANDALONE CONDOMINIUM BUILDING

Marketing description

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

Please reach out to Ned Roberts ([email protected]) to discuss the deal.

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 40.5% lower than recent individual sale comps average – $5,900,000 bulk purchase price, with $8,040,000 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

  • All units feature washer/dryer hookups

  • Lower price-point opportunity to own in larger-scale, amenitized community with marina and boat ramp

  • Gated, waterfront condominium community facing the Hillsborough River

  • Amenities include boat ramp, boat slips, two riverfront pools, a clubhouse with a full kitchen, a fitness center, tennis and racquetball courts, a dog park, and trailer parking for boats or kayaks

  • Minutes from Downtown Tampa, SOHO, Riverwalk, Channelside, Armature Works, Raymond James Stadium, and I-275

Listing Contacts

NR
FL SL3211874
Marcus & Millichap - RPH Multifamily Group
JH
FL SL3265708
Marcus & Millichap - RPH Multifamily Group
Listed by Marcus & Millichap - RPH Multifamily Group

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Additional Information

Name
Ned Roberts, CCIM
License
SL3211874
Name
Jason Hague
License
SL3265708
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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