Baypoint Villas Sold in Saint Petersburg

2016-07-20T06:46:31-04:00

Frontier Financial LLC sold the 136-unit Baypoint Villas multifamily complex at 2150 62nd Ter. S in Saint Petersburg, FL to Merion Realty Partners for $7.75 million, or approximately $57,000 per unit. The 108,800-square-foot apartment community consists of one-, two- and three-bedroom units in seven buildings. It was built in 1972 in the Greater Pinellas Point MF submarket and was 94 percent occupied at the time of sale. Francesco Carriera...

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