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Pilar's Harbour

A-Class waterfront community, 56 Units, Tampa, FL


 

Property:

Pliar’s Harbour is a B-class waterfront community comprised of 56 units, across 14 buildings, in South Tampa, FL (Apollo Beach). The property was excellently maintained but prior ownership hadn’t kept up with the quickly growing rents in recent years.


 

Strategy:

Maximize rent potential and investor returns through light capital improvements to enhance overall appeal and marketability in this prestigious neighborhood.

 

Highlights:

Our business plan includes the following improvements.


  • Install screened in patios and private exterior kitchens to add a level of exclusivity and provide year-round enjoyment of the inter-coastal views.

  • Strategic upgrades to unit interiors

  • Paint exteriors of all buildings and resurface the parking lots

  • Implement valet trash which will be billed back to tenants

  • Convert office back to a market rent apartment

  • Operational efficiencies by leveraging property management from other local assets.

 

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