7525 83rd St, Seminole, FL 33777

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7525 83rd St is located in Seminole, FL.

Bayou Courtyard is an excellent opportunity for an investor to purchase a stabilized asset in Seminole, FL. The Property consists of 54 one-bedroom units and was built in 1986. The sale includes a small picnic area on the water with beautiful views.
The current owners have updated more than 50% of the units with tile flooring to allow for less turnover costs. The three-story buildings consist of garage/carports on the first floor and rental units on floors two and three. Furthermore, the units have an elevator for easy access to the top floor. A management office allows for on-site management.
Currently, tenants pay a gross rental amount with landlord paying all utilities. A tremendous opportunity exists to individually meter the property and save a significant amount on utilities.

Pinellas county is almost completely built out and is the home to almost 1 million people. There are significant barriers to entry and a lack of multifamily sites in the market.