ATLANTA, GA--Engler Financial Group, LLC is proud to present Bay Isle Key (top left photo), a 582-unit class “A+” apartment community built in two phases (1999 & 2004) in St. Petersburg, Pinellas County, Florida. The Property is located along the west side of Dr. Martin Luther King Jr. Street N., just south of I-275 in the heart of the Gateway submarket. Phase 1 (369 units) of the Property underwent condominium conversion in 2006-2007. As of April 2011, ownership controlled 320 units in Phase 1, while 49 units remained individually-owned. Phase 2 of the Property was never converted.
Bay Isle Key is being offered for sale on an "unpriced" basis and represents an outstanding opportunity to purchase a well-located “Core” Class “A” multifamily community at a significant discount to new replacement cost. The property’s location in the Gateway submarket of Pinellas County offers residents excellent access to major employers, transportation arteries, shopping and recreation.
Bay Isle Key’s centralized location in the heart of the Gateway submarket of Pinellas County affords numerous advantages.
If you would like more details, have any questions or would like to schedule a tour of Bay Isle Key, please contact Greg Engler, Pat Jones, or Kris Mikkelsen at (678) 992-2000, or Nicholas Husak at (727) 542-7151. We look forward to working with you on this exciting opportunity!
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