The Granada Apartments present an excellent opportunity to acquire a

Class C, garden-style apartment community ideally located in

Pinellas County. Immediate gains can be seen from rent adjustments to

market. Further upside to cash flow comes from a sub metering system

recently initiated to recapture water expense.

Well built in 1986 with stucco over concrete block and pitched roof buildings.  This is a well-positioned community and benefits from a high demand for this type of product at this location and is convenient to hospitals, educational institutions, employment centers, the Tampa International Airport, as well as Gulf Coast beaches. All of Pinellas County represents a high barrier to entry and this property is priced well below replacement. 

  Reduced deliveries of rental units, less land available for development and strong employment growth are all factors leading to rising occupancy rates and higher rents. The supply and demand equation will continue to fuel rent growth and benefit owners of rental communities. 

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