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The Bluffs Place & Tiffany Manor Apt 551 Mehlenbacher Rd 18 Unité Immeuble d’appartements 5 014 224 $ CAD (278 568 $ CAD/Unité) Belleair Bluffs, FL 33770
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Faits saillants de l'investissement
- 18-Unit Multifamily Portfolio – Two Adjacent Properties
- Seller Financing Considered
- Lease-Up Opportunity with Immediate Cash-Flow Potential
- Completed Renovation Program (2025–2026)
- High-Demand Belleair Bluffs Location
- Ideal 1031 Exchange Replacement
Résumé de l'annonce
Offered for sale is an 18-unit multifamily portfolio located in the highly desirable Belleair Bluffs submarket of Pinellas County. The portfolio consists of two adjacent garden-style communities totaling 18 units.
The property recently underwent significant post-storm improvements, including new roofs on all buildings, and leasing has just resumed. Eleven of the twelve units at Bluff’s Place were fully renovated in 2026, with the remaining unit occupied and presenting future upside. Tiffany Manor includes three units renovated in 2026 and three additional units renovated in recent years.
In-place rents are below market, providing a clear value-add opportunity through stabilization. Seller financing is considered with attractive interest-only terms and no DSCR requirement. Ideal for a local cash buyer or 1031 exchange seeking upside in a premier location.
Asking Price: $3,600,000 ($200,000 per unit).
Click the Data Room section of this listing to download the Offering Details & Financial Summary, including rent roll, pro forma financials, and renovation details.
The property recently underwent significant post-storm improvements, including new roofs on all buildings, and leasing has just resumed. Eleven of the twelve units at Bluff’s Place were fully renovated in 2026, with the remaining unit occupied and presenting future upside. Tiffany Manor includes three units renovated in 2026 and three additional units renovated in recent years.
In-place rents are below market, providing a clear value-add opportunity through stabilization. Seller financing is considered with attractive interest-only terms and no DSCR requirement. Ideal for a local cash buyer or 1031 exchange seeking upside in a premier location.
Asking Price: $3,600,000 ($200,000 per unit).
Click the Data Room section of this listing to download the Offering Details & Financial Summary, including rent roll, pro forma financials, and renovation details.
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Faits sur la propriété
Commodités
Commodités du site
- Installations de lessive
- Collecte d'ordures - sur rue
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 1 | 1 804 $ CAD | 425 |
| 1+1 | 9 | 2 222 $ CAD | 600 - 640 |
| 2+1 | 4 | 2 639 $ CAD | 780 |
| 2+2 | 4 | 2 639 $ CAD | 910 - 990 |
1 1
Moyennement praticable à pied
60/100
Moyennement facile d’accès en voiture
70/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 1 588 932 $ CAD | |
| Évaluation du terrain | 904 133 $ CAD | Évaluation totale | 2 493 066 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
904 133 $ CAD
Évaluation des bâtiments
1 588 932 $ CAD
Évaluation totale
2 493 066 $ CAD
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Présenté par
tracey R Brunetto
The Bluffs Place & Tiffany Manor Apt | 551 Mehlenbacher Rd
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