Tremont at Bay Park
Closed521 Glenn Cross Drive 429 Newmont Circle, Ruskin, FL 33570
Property type
Multifamily
Unit / Space count
16
Year built
2007
Lot size
1.66 acres
Sold/status
Sold · Date unknown
Sale price
$1525000
Property description
Tremont at Bay Park Condominiums & Townhomes is a multifamily investment opportunity located in Ruskin, Florida. The property consists of two, two story buildings located on 1.66 acres of land. The buildings were constructed of concrete block and feature highly desirable pitched roofs. The townhome unit mix consists of 2-2Bdr/2.5Bath apartments at 1285 livable square feet, 5-3Bdr/2.5Bath apartments at 1366, 1696, and 1854 livable square feet, and 1-4Bdr/2.5Bath unit at 1854 livable square feet. The condominium unit mix consists of 8-3Bdr/2.5Bath units at 1149 livable square feet. Every unit has connections for its own washer and dryer. The property is situated between U.S. Route 41 and Interstate 75, two major interstate highways covering the entire state of Florida.
Property highlights
- Built in 2007, All Units Feature Highly Desirable Concrete Block Construction And Pitched Roofs
- Washer And Dryer Connections Included Inside Every Unit, All Currently Equipped With Washer & Dryer, Fridge, Stove, And Dishwasher
- Large And Spacious Floor Plans Averaging 1350 Square Feet Are Well Above The Average Market Size For The Tampa/St. Petersburg Metropolitan Area
- With Increased Development And Relocation To The Area Of Major Corporations Such As Amazon, Recent And Future Job Growth Outpace The National U.S average By 2% In 2016, With a Predicted 4% Increase In Future Years
- Since Opening In September 2014, Amazon Has Employed More Than 2500 Workers For Their Ruskin Fulfillment Center, Which Still Remains As One Of The Largest Warehouses In Florida at 1.1 Million Square Feet
- Located Directly Between U.S. Route 41 And Interstate 75, Two Major Interstate Highways Covering The Entire State Of Florida
- Recent Residential Growth Development By Major Developer, Lennar Corporation, Whom Acquired The Little Harbor Residential Community In Ruskin For $17,000,000. The Community Expects To Have Its First Model Home Complete In September 2016
- Located Within 7 Miles Of The Apollo Beach Nature Preserve, 20 Miles From Downtown Tampa, 30 Miles From Downtown St. Petersburg, And 32 Miles From Tampa International Airport
- Strong Cash Flow With The Ability For The Investor To Sell Off Units Individually