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Nordica Bay 120 47th Ave N 62 Unit Apartment Building For Sale Saint Petersburg, FL 33703
Investment Highlights
- Mid-Rise Concrete Construction: Four-Story Mid-Rise Concrete Block Buildings with Elevatored Access
- Generous Floorplans: Spacious Layouts with One-Bedrooms Averaging 780 SF and Two-Bedrooms Averaging 1,080 SF
- Strategically positioned along the highly accessible 4th Street North residential corridor with immediate connectivity to I-275 and Gandy Boulevard
- Exterior Improvements: Well-Maintained Asset with Newer Roofs (2018) and Upgraded Vinyl Windows
- Private Patios: All Two-Bedroom Units Feature Private Screened-In Patios
- Just a short walk to multiple high-quality grocers including Whole Foods, Publix Supermarkets, and The Fresh Market
Executive Summary
Nordica Bay Apartments is a boutique 62-unit multifamily community located in one of St. Petersburg’s most desirable urban infill submarkets. Positioned along the highly accessible 4th Street North corridor, the four-story, elevator-served concrete property offers seamless connectivity to I-275, Gandy Boulevard, downtown St. Petersburg, and major employment and medical hubs including St. Anthony’s Hospital and Johns Hopkins All Children’s Hospital. The surrounding area features strong demographics, excellent walkability, and close proximity to top grocers, dining, nightlife, and the region’s premier waterfront and beaches.
The well-maintained asset features newer roofs and windows, spacious layouts with one-bedrooms averaging 780 SF and two-bedrooms averaging 1,080 SF, and private screened-in patios in all two-bedroom units. Residents enjoy a robust amenity package including a swimming pool, grilling area, dog park, secured access, trash chutes, and on-site laundry. Nordica Bay presents a compelling light value add opportunity through in-unit washer/dryer installations, expanded outdoor amenity areas, and interior hallway upgrades driving future rent growth and long-term value creation.
The well-maintained asset features newer roofs and windows, spacious layouts with one-bedrooms averaging 780 SF and two-bedrooms averaging 1,080 SF, and private screened-in patios in all two-bedroom units. Residents enjoy a robust amenity package including a swimming pool, grilling area, dog park, secured access, trash chutes, and on-site laundry. Nordica Bay presents a compelling light value add opportunity through in-unit washer/dryer installations, expanded outdoor amenity areas, and interior hallway upgrades driving future rent growth and long-term value creation.
Property Facts
| Sale Type | Investment | Lot Size | 1.92 AC |
| No. Units | 62 | Building Size | 66,148 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1974 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.92 AC |
| Building Size | 66,148 SF |
| Average Occupancy | 90% |
| No. Stories | 4 |
| Year Built | 1974 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
- Property Manager on Site
- Elevator
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 560 |
| 1+1 | 28 | - | 729 - 863 |
| 2+1 | 8 | - | 1,026 |
| 2+2 | 24 | - | 1,100 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-31-17-36706-001-0010 | Improvements Assessment | $8,911,756 CAD |
| Land Assessment | $2,902,236 CAD | Total Assessment | $11,813,992 CAD |
Property Taxes
Parcel Number
06-31-17-36706-001-0010
Land Assessment
$2,902,236 CAD
Improvements Assessment
$8,911,756 CAD
Total Assessment
$11,813,992 CAD
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Nordica Bay | 120 47th Ave N
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