The Oceanaire Apartments

ADDRESS: 2045 E Bay Dr Largo, FL 33771

ACQUISITION DATE:  March 2023

DISPOSITION DATE:  

NUMBER OF UNITS: 245

AVERAGE SQUARE FEET OF UNITS:  1,155

 

 

A vintage 245 unit multifamily property built in 1972 and renovated in 2021.  Located in Largo, Florida, the property is ideally located within the coveted Central Pinellas Submarket, the largest manufacturing employment base in the Tampa region, and the third-largest for the entire State of Florida. An excellent value-add and mark-to-market opportunity with low in-place rents and exceptional new lease/renewal rent growth.

Averaging  1,155 square feet, Oceanaire´s one and two-bedroom floorplans are the largest in the area.  Individual units feature vinyl wood floors, shaker cabinets, tile backsplashes and screened-in patios and some have resurfaced countertops, washer-dryer units, and golf course views.

Community amenities, recently renovated,  include a fitness center, dog park, brand-new clubhouse, two pools, improved mailboxes and a car care station.