813-288-6676
200 78th Ave N, Saint Petersburg, FL for Sale
Apartments - FOR SALE
1/19
null | Request Cap Rate

200 78th Ave N
Saint Petersburg, FL 33702
Fossil Park


HIGHLIGHTS

  • Irreplaceable, Infill Location in the Highly Desirable North St. Petersburg Submarket with Prominent Road Frontage Along 4th Street
  • Ability to Acquire a Stabilized, Cash-Flowing Asset with Untapped Value-Add Potential
  • Potential to Renovate Existing Laundry Facilities into Onsite Storage to Generate Additional Income
  • High-Quality, Concrete Block Construction
  • 94% Submarket Occupancy Signaling Strong Demand for Rental Product in the Area
  • 3.9% Projected Annual Rent Growth Through 2029

OVERVIEW

*** CALL FOR OFFERS DUE MARCH 19, 2025 *** Rio Vista Village consists of 248 units spread across 18 two-story buildings, offering a total rentable area of 186,080 square feet on an 14.69-acre site. Built in 1974, the community provides spacious one, two, and three-bedroom apartments with an average unit size of 750 square feet. Community amenities include a resort-style pool with a brick paved sun deck and whirlpool spa, a large 24-hour fitness center, and a sprawling resident clubhouse with a coffee bar and seating area. Residents also have access to a 24-hour business center with modern workspaces, a car care center, reserved covered parking for $15 per month, and 24-hour laundry facilities onsite. Rio Vista Village is Conveniently Located Near Walgreens (0.1 Mi), Gateway Market Center, which contains Publix Super Markets, Target, T.J. Maxx, Bealls, PetSmart and CVS (0.5 Mi), Noble Crust (0.5 Mi), Starbucks (0.7 Mi), The Fresh Market (3.2 Mi) and Trader Joe’s (3.7 Mi) Easy drive to Downtown St. Petersburg attractions including the St. Pete Pier, Dalí Museum, Straub Park, Beach Drive retail and dining, Al Lang Stadium and Tropicana Field (4.8 Mi), 15 minutes from St. Pete Clearwater International Airport, 18 minutes from Tampa International Airport and 20 minutes from International Plaza and Bay Street Nearby Major Employment Hubs encompassing the Gateway Office Market (4.2 Mi), Downtown St. Petersburg (4.8 Mi), Westshore Office Market (12.1 Mi) and Downtown Tampa (15.2 Mi)

FOR SALE DETAILS

PRICE

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# OF UNITS

248

CAP RATE

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% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rio Vista Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.69 AC

LAND SF

639,896 SF

ZONING

-

APN/PARCEL ID

30-30-17-47498-001-0010

ASK ABOUT THIS PROPERTY

Zachary AmesFranklin StreetMore Info
813-288-6676

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Zachary AmesFranklin StreetMore Info
813-288-6676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.