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Nordica Bay Apartments | 66,148 SF Multifamily Property

Market Price

120 47th Avenue North, St. Petersburg, FL 33703

Active
Last Updated: 03/07/2025

1.92 acres

Lot Area

62

Units

Details:
Lot Area:    1.92 acres
Units:    62
Year Built:    1974
Floors:    4
Highlights:
  • 62-Unit Boutique Multifamily Community in St. Petersburg, FL
  • Seller Entertaining Outright Sale or Joint Venture Recapitalization
  • Core+ Investment Opportunity in Excellent Location Poised for Long-Term Growth
  • Four-Story Concrete Block Property with Two Elevatored Buildings
  • Well-Maintained Asset with Significant Recent Capital Improvements
  • Majority of Units Already Renovated with Upside Potential Through Continued Upgrades
  • Strong Population Demographics with $115K Avg. Household Income within 1-Mile Radius (ESRI)
  • Located in Close Proximity to Major Economic Drivers Including Downtown St. Pete (3.4 Mi), St. Anthony’s Hospital (3.5 Mi), John Hopkins All Children’s Hospital (4.0 MI), Tropicana Field (4.2 Mi), and Gateway Business District (4.8 Mi)
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