AN EXCELLENT OPPORTUNITY
Conveniently located, Riverside Apartments in Tarpon Springs,
Florida is just minutes to US Route 19 and a short commute
to Tampa. Residents enjoy dining and nearby shopping at the
Tarpon Mall and the many culturally rich local Greektown bou-
tiques and restaurants.
These affordable apartments in Tarpon Springs, Florida include
an array of amenities such as controlled access gate for entry,
business center and car care center. Riverside offers stylish one,
two, three and four bedroom oor plans designed with open
kitchens including a breakfast bar for in-home entertaining.
RIVERSIDE
1589 STARLIGHT COVE
TARPON SPRINGS, FL 34689
FOR SALE
Capital Markets | Investment Properties
ASKING PRICE: $27,122,565
CONTACT US
LUKE WICKHAM
Senior Vice President
+1 407 839 3130
SHELTON GRANADE
Vice Chairman
+1 407 839 3103
JUSTIN BASQUILL
Director of Operations
+1 407 839 3169
JOHN SELBY
Senior Vice President
+1 813 273 8413
SEAN D. WILLIAMS
Senior Vice President
+1 813 273 8410
CBRE, INC.
200 S. Orange Avenue, Suite 2100
Orlando, FL 32801
+1 407 404 5000
CBRE, INC.
101 E. Kennedy Blvd., Suite 1500
Tampa, FL 33602
+1 813 273 8400
FOR SALE
Riverside
5385
1589 STARLIGHT COVE
Tarpon Springs, FL 34689
+ Swimming Pool
+ Clubhouse
+ Playground
+ Sand Volleyball Court
+ Gated Entry
+ Business Center
+ Car Care Center
+ Free Wi-Fi Available
+ Private Entry
+ Ceiling Fans
+ Fully-equipped Kitchens
+ Washer/Dryer
Connections
+ Spacious Closets
+ Accent Walls
+ Berber Carpet
Unit Type
Unit
Count
Size (SF) Rent Rent PSF
Utility
Allowance
1 BR/1 BA 74 718 $591 $0.82 $109
2 BR/2 BA 107 990 $702 $0.71 $139
3 BR/2 BA 64 1,167 $806 $0.69 $171
4 BR/3 BA 20 1,438 $897 $0.62 $219
1 BR/1 BA Market 6 718 $815 $1.14
2 BR/2 BA Market 21 990 $879 $0.89
3 BR/2 BA Market 8 1,167 $1,075 $0.92
4 BR/3 BA Market 4 1,438 $1,180 $0.82
Total/Avg.* 304 996 $740 $0.74
Capital Markets | Investment Properties
INVESTMENT HIGHLIGHTS
DIRECTIONS:
Take Hwy 60 (Campbell Causeway) to U.S.19.Cross over the Anclote
River. Make a left at the 1st light, which will be Beckett. The property
is 1/2 block down on your left.
FOR SALE
Riverside
1589
STARLIGHT COVE
Tarpon Springs, FL 34689
Capital Markets | Investment Properties
The property currently operates under the restrictions of an Extended
Low-Income Housing Agreement, which requires 85% (259 units) to
be income and rent restricted based on 60% of the AMI (Area Median
Income). Reporting requirements, required tenant programs, and
required amenities (common area and unit amenities) can be found
in the tax credit regulatory agreement
.
INCOME AND RENT RESTRICTIONS
INCOME ONLY RESTRICTIONS
The property currently operates under the restrictions of a BOND
LURA, which requires 85% (259 units) to be income restricted based
on 60% of AMI through January 30, 2042. The remaining 15% (45
units) may be rented at market rate. Reporting requirements and
required common area and unit amenities can be found in the
BOND LURA.
The property currently operates under the restrictions of a SAIL
LURA, which requires 85% (258 units) to be income restricted based
on 60% of AMI through September 14, 2051. The remaining 15%
(46 units) may be rented at market rate. 100% of the total units
must be rented to family households, no students allowed. Reporting
requirements, required tenant programs, and required amenities
(common area and unit amenities) can be found in the SAIL LURA.
Additional program requirements can be found in the respective
regulatory agreement. The buyer must agree to maintain the
affordability restrictions. This will include but not be limited to
operating the property in compliance with all county, state and
federal regulatory agreements.
FOR SALE
Riverside
1589
STARLIGHT COVE
Tarpon Springs, FL 34689
Capital Markets | Investment Properties
PHOTO GALLERY
