Eric Baird Sells Rejuvenated 66-unit Multifamily Complex in Bustling Tampa Suburb

The sale of the apartment community is a mutual win for local entrepreneur, Eric Baird, and residents seeking access to quality, affordable housing in Florida. 

APOLLO BEACH, FL / JUNE 24, 2022 / Four years after buying an Apollo Beach multi-family community, a Sarasota-based entrepreneur, philanthropist, and real estate investor, Eric Baird, sold the majority renovated 66-unit property for $7.9 million valued at a 5.52% capitalization rate. The sale was roughly $4.5 million more than itspurchase price by Baird in 2018. 

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