Ashford Bayside
5870 56th Avenue North, Kenneth City, FL, 33709, US
189 unités
Description de l'actif
Jones Lang LaSalle, Inc. (“JLL”) is pleased to present Puritan Place, a 224-unit community in Tampa, FL. The property offers a mix of studio, one, two, and three-bedroom units spread across thirty-two residential buildings with a clubhouse. It is perfectly positioned for an interior value-add with significant potential premiums. Located just sixteen miles from Downtown Tampa's Commercial Business District, home to 60,930 employees and 4,448 businesses (including 300+ Fortune 500 jobs). Puritan Place benefits from its proximity to employment hubs, and it's community amenities. It is a remarkable place to live within a dynamic submarket with high barriers to entry and limited new supply.
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Attributs
Nombre d'unités
232
Année de construction
1974
Superficie du bâtiment nette
18 576 mètres carrés
Média
Points forts de l'investissement
- Excellent unit mix containing one, two, and three bedroom floor plans
- Opportunity to add washer/dryer connections and appliances to most of the units and garner a monthly premium
- One completely rebuilt building as of 2023 with all new finishes which receive a premium
- Substantial loss-to-lease in-place ($38K+) - 41% below market rent
- Seal coat & parking lot restripe (2022)
- 197 units have been updated with opportunity to further improve with tile backsplash, vinyl flooring throughout, six panel doors, and more
- Opportunity to convert to Ratio Utility Billing System (RUBS) to drastically reduce water/sewer expenses
- Opportunity to implement valet trash program for additional income
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Puritan Place (0 Propriétés)
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Dernière mise à jour
16 sept. 2024
