24 Unit Multi Family | 4605 N Hubert Ave
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24 Unit Multi Family 4605 N Hubert Ave
24 Unit Apartment Building $1,495,000 ($62,292/Unit) Tampa, FL 33614
Investment Highlights
- Centrally Located near Raymond James Stadium and Steinbrenner Field
- Good Upside
- Great Cash Flow
- Zoned Industrial
Executive Summary
Tremendous Upside! 24 Unit apartment complex. Located in the heart of Tampa, a few blocks from Raymond James/Bucs stadium and Steinbrenner field. Property consists of:(8) 2/1, (10) 1/1, and (6) Studios. Needs TLC. Long Term tenants, most tenants are currently on month to month. Two of the four buildings consisting of 8 units are vacant and ready for rehab. Lot alone is valued at over 1 million. Rents have not been raised in years. All leases are currently month to month. Drive by property first then call to setup a showing. Cash or Hard Money only. At this time buildings are not insurable other than a builders risk policy until improvements are made, ie roof and some floor joist work.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,495,000 | Lot Size | 0.75 AC |
| Price Per Unit | $62,292 | Building Size | 9,378 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 24 | Year Built | 1944 |
| Property Type | Multifamily | Parking Ratio | 3.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $1,495,000 |
| Price Per Unit | $62,292 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.75 AC |
| Building Size | 9,378 SF |
| No. Stories | 1 |
| Year Built | 1944 |
| Parking Ratio | 3.2/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
| 1+1 | 10 | - | - |
| Studios | 6 | - | - |
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Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | A-04-29-18-3IP-000048-00011.0 | Improvements Assessment | $99,952 (2023) |
| Land Assessment | $470,448 (2023) | Total Assessment | $570,400 (2023) |
PROPERTY TAXES
Parcel Number
A-04-29-18-3IP-000048-00011.0
Land Assessment
$470,448 (2023)
Improvements Assessment
$99,952 (2023)
Total Assessment
$570,400 (2023)
zoning
| Zoning Code | IG-Industrial General (Located in Drew Park- which is located in the heart of the City of Tampa.) |
| IG-Industrial General (Located in Drew Park- which is located in the heart of the City of Tampa.) |
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24 Unit Multi Family | 4605 N Hubert Ave
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