Sand Cove Apartments

Sand Cove Apartments

Price: $ Market Bid

Total Number of Units: 72

Address: 3813 Gulf Boulevard, St Pete Beach, FL 33706, USA

  • Irreplaceable waterfront property located on the Intracoastal directly across the street from St. Pete Beach
  • Built-in 1973 with five-story concrete block construction including concrete subfloors
  • Value-add opportunity to increase average rents by $732 from the current in-place rents through full interior and exterior renovations
  • Ability to implement a utility reimbursement program which is common in the submarket
  • 55 covered parking spaces including 10 garages with the capability to add garage doors to every space

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

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Location Highlights

  • Frontage to Gulf Boulevard with over 23,000 vehicles per day
  • Average household income of $127,500 in a one-mile radius
  • Largest multifamily property on St. Pete beach with water views from every unit
  • Exceptional historical occupancy
  • High barrier to entry submarket with zero new multifamily developments planned or under construction on St. Pete Beach

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