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Marina Club Condos 2424 W Tampa Bay Blvd 32 Unit Apartment Building $8,080,758 CAD ($252,524 CAD/Unit) Tampa, FL 33607
Investment Highlights
- 1989 concrete block construction
- Building features elevator access for ease of entry
- All units feature washer/dryer hookups
- All units recently renovated with tile flooring and updated cabinetry
- Attractive unit mix, with large two-, and three-bedroom units
- Lower price-point opportunity to own in larger-scale, amenitized community with marina and boat ramp
Executive Summary
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. 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.
Property Facts
| Price | $8,080,758 CAD | Building Class | B |
| Price Per Unit | $252,524 CAD | Lot Size | 15.19 AC |
| Sale Type | Investment | Building Size | 40,160 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1989/2010 |
| Property Subtype | Apartment | Parking Ratio | 6.23/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | PD - Planned Development | ||
| Price | $8,080,758 CAD |
| Price Per Unit | $252,524 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 15.19 AC |
| Building Size | 40,160 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1989/2010 |
| Parking Ratio | 6.23/1,000 SF |
| Zoning | PD - Planned Development |
Amenities
Unit Amenities
- Wheelchair Accessible (Rooms)
Site Amenities
- Pool
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | - | - |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,405,677 CAD | |
| Land Assessment | $24,179 CAD | Total Assessment | $2,340,654 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$24,179 CAD
Improvements Assessment
$1,405,677 CAD
Total Assessment
$2,340,654 CAD
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Marina Club Condos | 2424 W Tampa Bay Blvd
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