Oak Creek Apartments

184 Apartment Homes
Clearwater FL 33760

I. EXECUTIVE SUMMARY
NAI Tampa Bay is proud to present the Oak Creek Apartments this 184 unit all 2 bedroom / 2 bath complex is strategically located in the heart of Pinellas County. The property is built from concrete block shingle roof construction and is offered free of debt to a new purchaser.

Executive Summary

PROPERTY HISTORY:			New Alta Survey & Environmental available to new buyer
YEAR BUILT / SIZE:			1984 (Pinellas County);
PARKING:			Unknown at time of listing
CONSTRUCTION:			block construction
ROOFS:			Shingle
WINDOWS:			Aluminum
INTERIOR FINISH:			Stucco over block
BATHROOMS:			Bathrooms feature vanity & tub/shower combo
ELECTRIC:			Electricity is furnished by Progress Energy each unit is submetered
HVAC:			Central HVAC split heating & air conditioning
PLUMBING:			All unit are city metered for water
FIRE SAFETY:			Smoke detectors in each unit
KITCHENS			The kitchens in each unit feature standard cabinet & appliance package
UNIT MIX:

Unit Type	# of Units	SF		Rent per Month	Rent per SF	Total SF	Gross Potential Rent
2 BR x 2 BA	184	900		$707.50	$0.786	165,600	$130,180
Total / Average	184	900		$707.50	$0.786	165,600	$130,180

Property Details

PROPERTY FEATURES:		Swimming Pool Laundry Facility	Playground Patio / Balcony

Utility	Type / Provider		Paid For
Heat	Electric / Progress Energy		Tenant
Air Conditioning	Electric / Progress Energy		Tenant
Hot Water	Electric / Progress Energy		Tenant
Cooking	Electric / Progress Energy		Tenant
Water / Sewer			Tenant
Waste Removal			Tenant
Basic Cable	Bright House / Knology		Owner


OFFERING PRICE:		$8,924,000 $48,500 per unit

John Burpee
President & CEO
john@naitampabay.com
www.NAITampaBay.com

12400 Seminole Blvd
Seminole FL 33778
Tel 727.585.2070
Fax 727.585.4717

Copyright © 2007, NAI Tampa Bay / John Burpee & Associates, Inc., All Rights Reserved.
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