10401 N Arden Ave
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10401 N Arden Ave
22 Unit Apartment Building $2,600,000 ($118,182/Unit) 7.72% Cap Rate Tampa, FL 33612
Investment Highlights
- 100% Occupied Garden Units Near USF
- Central Cooling & Electric Heat Pump
- Adjacent Parcel Available for Redevelopment Interest
- Surface Parking
Executive Summary
Discover an unparalleled investment opportunity with this portfolio of 22 fully occupied apartments, spread across 11 parcels in the thriving North Tampa area near the University of South Florida (USF). This prime location offers high demand and strong rental income potential.
These units promise consistent cash flow and an impressive return on investment. With all units currently occupied, you can step into a turn-key operation with immediate income.
Seize this chance to invest in a dynamic and growing community. Contact Leanne today to learn more about this exceptional offer!
These units promise consistent cash flow and an impressive return on investment. With all units currently occupied, you can step into a turn-key operation with immediate income.
Seize this chance to invest in a dynamic and growing community. Contact Leanne today to learn more about this exceptional offer!
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,600,000 | Apartment Style | Garden |
| Price Per Unit | $118,182 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.46 AC |
| Cap Rate | 7.72% | Building Size | 16,902 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1983 |
| Price | $2,600,000 |
| Price Per Unit | $118,182 |
| Sale Type | Investment |
| Cap Rate | 7.72% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.46 AC |
| Building Size | 16,902 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1983 |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Patio
Site Amenities
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | - | 783 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,787,422 | |
| Land Assessment | $487,214 | Total Assessment | $2,274,636 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$487,214
Improvements Assessment
$1,787,422
Total Assessment
$2,274,636
zoning
| Zoning Code | RS-50 (Residential Single Family) |
| RS-50 (Residential Single Family) |
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10401 N Arden Ave
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