Multifamily Apartment Community with Loft
For Sale
Contact for pricing
Pending
2200 Gladys St, Largo, FL 33774
232-unit multifamily property offers one- and two-bedroom homes, including 24 loft-style units, with recent exterior and amenity upgrades.
Property SizeContact for details
Days on Market118
Property Features for 2200 Gladys St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
232
Amenities
fitness center
pool
Listing Agency:
JLL - Tampa, Florida
(303) 525-8133
Listed By:
Joe Thavis · License #FL 3413769
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Aug 5 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Tampa, Florida
Investment Insights
Based on property information with market context.
Altura Largo is a 232-unit multifamily property featuring a balanced mix of one- and two-bedroom residences, including 24 loft-style units. The current ownership has invested more than $3.5 million in capital expenditures focused on exterior and community improvements, including new roofs, HVAC replacements, refreshed landscaping, a pool remodel, and a fitness center addition.
The property is located within 20 minutes of Downtown St. Petersburg and about 10 minutes to the Gateway Business District, with quick access to Gulf Coast beaches including Clearwater, St. Petersburg, Treasure Island, Madeira Beach, and Belleair Beach.
According to the offering materials, the asset includes $1.1M+ in potential revenue growth by the end of value-add, including $424K in loss-to-lease recapture, and 82% of units are currently below market rents.
The property is located within 20 minutes of Downtown St. Petersburg and about 10 minutes to the Gateway Business District, with quick access to Gulf Coast beaches including Clearwater, St. Petersburg, Treasure Island, Madeira Beach, and Belleair Beach.
According to the offering materials, the asset includes $1.1M+ in potential revenue growth by the end of value-add, including $424K in loss-to-lease recapture, and 82% of units are currently below market rents.
Key Highlights
- 232‑unit multifamily asset with a mix of one- and two‑bedroom homes, including 24 loft‑style units
- Over $3.5M in capital expenditures for exterior and community improvements, including new roofs, HVAC replacements, landscaping refresh, pool remodel, and a fitness center addition
- Includes $424K in loss‑to‑lease recapture as part of $1.1M+ in potential revenue growth by end of value‑add
Property Analytics
Current Use
Lease Details
232
Residential units
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 33774, FL
18,145
Population
10,388
Households
1.7
Avg Household Size
51
Median Age
28%
College-Educated
93%
High-School Grad
4.6 sq mi
ZIP Area
3,945
Density / Sq Mi
$76,769
Median Household Income
$41,936
Median Earnings
$1,498
Median Rent
$315,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 232-unit multifamily property offers one- and two-bedroom homes, including 24 loft-style units, with recent exterior and amenity upgrades.
Where is this apartment building located?
The property is located at 2200 Gladys St Largo, FL.
What are key features of this property?
This property features: 232‑unit multifamily asset with a mix of one- and two‑bedroom homes, including 24 loft‑style units; Over $3.5M in capital expenditures for exterior and community improvements, including new roofs, HVAC replacements, landscaping refresh, pool remodel, and a fitness center addition; Includes $424K in loss‑to‑lease recapture as part of $1.1M+ in potential revenue growth by end of value‑add
