Puritan Place
7903 Holly Lea Ct, Tampa, FL, 33617-8050, US
232 unités
Description de l'actif
Jones Lang LaSalle, Inc. (“JLL”) is pleased to present Ashford Bayside, a 189-unit garden community in Kenneth City, FL. The Property offers a mix of studio, one, and two-bedroom units spread across five residential buildings with one leasing center. The Property is perfectly positioned for an interior value-add with sizable potential premiums, with 93 classic units. Situated just five miles from Downtown St. Petersburg, Ashford Bayside enjoys a premier location close to I-275, a major thoroughfare connecting Tampa Bay. The proximity to numerous shopping centers, HCA hospitals, employment hubs, and favorable community amenities make Ashford Bayside a remarkable place to live within one of the strongest fundamental multifamily markets in the state.
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Attributs
Nombre d'unités
189
Occupation
92 %
Année de construction
1972
Superficie du bâtiment nette
14 251 mètres carrés
Superficie du terrain brute
1,13 ha
Média
Points forts de l'investissement
- 83% two-bedroom floor plans (156 total units)
- 15% of units (all of Building E) are effectively brand-new product - which were completely rebuilt in 2023
- High-quality concrete block construction
- Strategic value-add opportunity as 28 fully renovated units achieving $300+ premium over 93 classic units (49%)
- Nearby property achieving $300+ premium over Property average rents
- Elevator access for all second & third-floor units
- Well-amenitized property that features a swimming pool, playground, leasing center, dog park, Amazon package lockers, on-site laundry facility, and much more
- 58% of units below market rent - resulting in immediate loss-to-lease recovery ($75K+)
- Recently implemented RUBS system on sewer reimbursements has resulted in higher recovery & additional income on new leases
Contactez les courtiers
Ashford Bayside (0 Propriétés)
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Dernière mise à jour
22 oct. 2024
