Atlas at Bay Point
St. Petersburg Tampa MSA, Florida
Minimum
$50k
Distributions
Quarterly
Annualized Returns
21.04%
Target Hold
5 Years
Property Type
Multifamily
Asset Class
Class C+
Overview
Atlas at Bay Point is a 136-unit concrete block property in South St. Petersburg, just 12 minutes from Downtown and close to the Skyway Marina District. The property offers diverse unit layouts, including 1BD/1BA, 2BD/1BA, and 2BD/2BA units, averaging 787 sq. ft. Recently renovated, units feature new flooring, stainless steel appliances, upgraded fixtures, and private patios or balconies. Our strategic plan includes further interior and exterior enhancements, modern amenities, and new branding to boost tenant satisfaction and rental income. Optimized financing with fixed-rate agency debt supports long-term value appreciation for investors.
100% Invested
$10,500,000 Equity