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Park 62 - Availability Details

3491 62nd Avenue North, Pinellas Park, FL 33781

  • For Sale $6,200,000
  • City Pinellas Park
  • Zip Code 33781
  • Market Tampa St Petersburg Clearwater
  • Property Type Other
  • Property Size 33,209 Acre
  • Lot Size 1.59 Sqft
  • Building Class B
  • Year Built 1988
  • Date Updated 13 Jun, 2021

Park 62 is an incredibly well kept, garden style apartment community located in the heart of Pinellas County the most densely populated county in Florida Built in 1988 this 46 unit community sits on nearly 1.6 acres with frontage and access on 62nd Avenue North and residents enjoy amenities such as an on site leasing office, on site commercial laundry space, a common area outdoor pavilion with new furniture and semi private unit access Units consist of nearly 70 percent one bedroom/one bath floorplans which are 656 square feet but there is also a mix of substantially larger 2 and 3 bedroom units which range from 929 to 1 300 square feet The apartment homes average 759 square feet and are housed within two, 2-story, concrete block buildings with exterior breezeways and new pitched shingle roofs In addition to new roofs, the property exteriors including breezeways have recently been repainted, the parking lots have been re sealed and striped and over the course of the current ownership there have been replacements to most of the mechanical systems and appliances including water heaters, HVAC compressors and air handlers Only 10 percent units have received all new kitchens and baths leaving an incredible opportunity for an incoming owner to channel new investments into the units to thereby increase the overall rent roll by as much as $150-$200 per unit per month.

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Contacts

broker

Casey Babb

Colliers International

broker

Luis Baez

Colliers International

broker

Shawn Rupp

Colliers International

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