24 Unit Multi Family | 4605 N Hubert Ave
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24 Unit Multi Family 4605 N Hubert Ave
24 Unit Apartment Building For Sale 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 - 2024) 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 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) 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 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type | Investment | Building Size | 9,378 SF |
No. Units | 24 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1944 |
Property Subtype | Apartment | Parking Ratio | 3.2/1,000 SF |
Apartment Style | Garden | Opportunity Zone |
Yes
|
Lot Size | 0.75 AC |
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 | Total Assessment | $570,400 (2023) |
Land Assessment | $470,448 (2023) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $99,952 (2023) | Tax Year | 2024 |
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)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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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