Lois Landing | 115 S Lois Ave
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Lois Landing 115 S Lois Ave
56 Unit Apartment Building $14,000,000 ($250,000/Unit) Tampa, FL 33609
Executive Summary
Current gross rent, full rented, before expenses is = $96,705.00.
$225K cash down at the signing of the PSA.
$25K non-refundable after 10 days of DD.
$200K non-refundable after the total of 30 days DD.
I will not consider any OWC or creative financing
Buyer splits 50/50 closing fees.
Close 30 days after DD. Or sooner.
The tenants pay some of their own utilities.
56 units total. Mix: 32 one/one’s and 24 two/one’s.
90+ parking spaces.
Heated swimming pool and spa. Fire pits, Amazon boxes, Fitness center. Dog park with dog bath.
Automobile vacuum and compressed air station.
This place is ideal for AirBnB rentals, corporate leasing, or modified for independent living.
In the past the apartments were condominiums and converted.
Certified lead paint and asbestos free.
$225K cash down at the signing of the PSA.
$25K non-refundable after 10 days of DD.
$200K non-refundable after the total of 30 days DD.
I will not consider any OWC or creative financing
Buyer splits 50/50 closing fees.
Close 30 days after DD. Or sooner.
The tenants pay some of their own utilities.
56 units total. Mix: 32 one/one’s and 24 two/one’s.
90+ parking spaces.
Heated swimming pool and spa. Fire pits, Amazon boxes, Fitness center. Dog park with dog bath.
Automobile vacuum and compressed air station.
This place is ideal for AirBnB rentals, corporate leasing, or modified for independent living.
In the past the apartments were condominiums and converted.
Certified lead paint and asbestos free.
Property Facts
| Price | $14,000,000 | Building Class | B |
| Price Per Unit | $250,000 | Lot Size | 2.02 AC |
| Sale Type | Investment | Building Size | 46,428 SF |
| No. Units | 56 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Low Rise | Parking Ratio | 1.92/1,000 SF |
| Price | $14,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 2.02 AC |
| Building Size | 46,428 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.92/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Yard
- Grill
- Lawn
- Patio
- Porch
- Recreation Room
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Courtyard
- Fenced Lot
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Spa
- Gated
- Cabana
- Grill
- Pet Play Area
- Smoke Free
- Maintenance on site
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | 720 |
| 2+1 | 24 | - | 930 - 1,020 |
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Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | A-21-29-18-3M3-000000-00009.6 | Improvements Assessment | $8,509,800 |
| Land Assessment | $1,120,000 | Total Assessment | $9,629,800 |
PROPERTY TAXES
Parcel Number
A-21-29-18-3M3-000000-00009.6
Land Assessment
$1,120,000
Improvements Assessment
$8,509,800
Total Assessment
$9,629,800
zoning
| Zoning Code | PD (Multi-family) |
| PD (Multi-family) |
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Lois Landing | 115 S Lois Ave
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