18 Unit Multifamily/Near Hillsborough & Lois | 5008 N Cortez Ave
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18 Unit Multifamily/Near Hillsborough & Lois 5008 N Cortez Ave
18 Unit Apartment Building For Sale Tampa, FL 33614
Executive Summary
Tremendous Upside!! 100% Leased on month to month basis! Immediate cashflow! 18 Unit multifamily investment, located on .77 Acres of Industrial Zoned Land in Drew Park, the most central location in Tampa. Close proximity to Tampa Airport, Raymond James Stadium, Steinbrenner field and shopping. Property consists of (11) 1 BR/1BA Units, (2)2BR/1BA, (5) STUDIOS, separate Electric meters on 6 units, Landlord pays electric on other 12 units. Landlord pays water and trash. Long term tenants in place, most are month to month, and at below market rates. 3 of the buildings are block construction and 1 is frame. Cash or Hard Money Only. Plenty of upside with the right improvements. Drive by the property first, then schedule a viewing.
Sales consists of Two Folio #'s :107649-0100 & 107649-0000/ 5008 N Cortez and 3915 W South Ave Tampa, FL 33614.
Sales consists of Two Folio #'s :107649-0100 & 107649-0000/ 5008 N Cortez and 3915 W South Ave Tampa, FL 33614.
Property Facts Under Contract
| Sale Type | Investment | Building Size | 7,729 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low Rise | Parking Ratio | 3.49/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.77 AC |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 7,729 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 3.49/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 2 | - | - |
| Studios | 5 | - | - |
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Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | A-04-29-18-3IP-000003-00020.0 | Improvements Assessment | $17,651 |
| Land Assessment | $339,149 | Total Assessment | $356,800 |
PROPERTY TAXES
Parcel Number
A-04-29-18-3IP-000003-00020.0
Land Assessment
$339,149
Improvements Assessment
$17,651
Total Assessment
$356,800
zoning
| Zoning Code | IG (Zoned IG-Industrial General with Multi Family Use.) |
| IG (Zoned IG-Industrial General with Multi Family Use.) |
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Ralph Carrasquillo -
IQ Commercial
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18 Unit Multifamily/Near Hillsborough & Lois | 5008 N Cortez Ave
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