Westland Apartments | 505 S Westland Ave
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Westland Apartments 505 S Westland Ave
4 Unit Apartment Building $1,042,063 ($260,516/Unit) 5.70% Cap Rate Tampa, FL 33606
Investment Highlights
- Owner Financing to Qualified Buyers
- Close to everything!
- Excellent location
Executive Summary
Located in one of Tampa’s most desirable neighborhoods, 505 Westland Ave Tampa Fl is 4-unit apartment quadraplex that seamlessly combines contemporary comfort with the warmth and character of a classic Florida home.
The property consists of four 2 Bed / 1 Bath units that are 100% occupied with a waiting list of tenants through the current management company. This exceptional property offers a unique opportunity for investors to acquire a property in a vibrant community known for its convenience, charm, and access to a thriving metropolitan area.
Situated in the heart of Tampa, this property provides unparalleled convenience. It’s just minutes from downtown Tampa, major highways such as I-275 and the Selmon Expressway, and Tampa International Airport, ensuring effortless connectivity. Residents will enjoy the proximity to Hyde Park Village, the Tampa Riverwalk, and world-class dining, shopping, and entertainment. Outdoor enthusiasts will appreciate nearby parks, including Bayshore Boulevard, known for its stunning waterfront views and walking paths.
Interior Highlights:
High-End Finishes: Features include premium flooring, modern lighting fixtures, and designer cabinetry, delivering a sophisticated and polished aesthetic.
Comfortable Bedrooms: The property boasts generously sized bedrooms with ample closet space, providing private retreats for all residents.
Updated bathrooms with elegant tiling, modern fixtures, and spa-inspired features elevate daily routines.
Neighborhood Appeal:
This property is in a family-friendly community with access to top-rated schools and healthcare facilities. The neighborhood also offers diverse cultural and recreational activities, from museums and art galleries to nearby beaches and water sports.
Investment Potential:
Tampa’s booming real estate market makes 505 Westland Ave an attractive option for investors. The property’s location, combined with its modern amenities, positions it as a high-demand rental or resale opportunity.
Whether you are searching for a forever home or a valuable addition to your portfolio, 505 Westland Ave delivers the perfect blend of location, lifestyle, and luxury. This is a rare opportunity to secure a property that meets the demands of modern living in one of Tampa’s most sought-after areas.
Owner Financing:
The seller is offering 5 year owner financing to qualified buyers with personal guarantee on the following terms: 30% down payment at 6.75% Interest only for 24 months then converting to a 30 year amortization for the remaining years 3 to 5.
The property consists of four 2 Bed / 1 Bath units that are 100% occupied with a waiting list of tenants through the current management company. This exceptional property offers a unique opportunity for investors to acquire a property in a vibrant community known for its convenience, charm, and access to a thriving metropolitan area.
Situated in the heart of Tampa, this property provides unparalleled convenience. It’s just minutes from downtown Tampa, major highways such as I-275 and the Selmon Expressway, and Tampa International Airport, ensuring effortless connectivity. Residents will enjoy the proximity to Hyde Park Village, the Tampa Riverwalk, and world-class dining, shopping, and entertainment. Outdoor enthusiasts will appreciate nearby parks, including Bayshore Boulevard, known for its stunning waterfront views and walking paths.
Interior Highlights:
High-End Finishes: Features include premium flooring, modern lighting fixtures, and designer cabinetry, delivering a sophisticated and polished aesthetic.
Comfortable Bedrooms: The property boasts generously sized bedrooms with ample closet space, providing private retreats for all residents.
Updated bathrooms with elegant tiling, modern fixtures, and spa-inspired features elevate daily routines.
Neighborhood Appeal:
This property is in a family-friendly community with access to top-rated schools and healthcare facilities. The neighborhood also offers diverse cultural and recreational activities, from museums and art galleries to nearby beaches and water sports.
Investment Potential:
Tampa’s booming real estate market makes 505 Westland Ave an attractive option for investors. The property’s location, combined with its modern amenities, positions it as a high-demand rental or resale opportunity.
Whether you are searching for a forever home or a valuable addition to your portfolio, 505 Westland Ave delivers the perfect blend of location, lifestyle, and luxury. This is a rare opportunity to secure a property that meets the demands of modern living in one of Tampa’s most sought-after areas.
Owner Financing:
The seller is offering 5 year owner financing to qualified buyers with personal guarantee on the following terms: 30% down payment at 6.75% Interest only for 24 months then converting to a 30 year amortization for the remaining years 3 to 5.
Data Room Click Here to Access
Property Facts Under Contract
Price | $1,042,063 | Lot Size | 0.14 AC |
Price Per Unit | $260,516 | Building Size | 3,242 SF |
Sale Type | Investment | Average Occupancy | 100% |
Cap Rate | 5.70% | No. Stories | 1 |
No. Units | 4 | Year Built/Renovated | 1986/2022 |
Property Type | Multifamily | Parking Ratio | 2.47/1,000 SF |
Property Subtype | Apartment |
Price | $1,042,063 |
Price Per Unit | $260,516 |
Sale Type | Investment |
Cap Rate | 5.70% |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Lot Size | 0.14 AC |
Building Size | 3,242 SF |
Average Occupancy | 100% |
No. Stories | 1 |
Year Built/Renovated | 1986/2022 |
Parking Ratio | 2.47/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 4 | $1,850 | 775 |
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Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
Parcel Number | A-23-29-18-4SB-000011-00003.0 | Improvements Assessment | $475,231 |
Land Assessment | $355,622 | Total Assessment | $830,853 |
PROPERTY TAXES
Parcel Number
A-23-29-18-4SB-000011-00003.0
Land Assessment
$355,622
Improvements Assessment
$475,231
Total Assessment
$830,853
zoning
Zoning Code | Multifamily (Apartment / Multifamily) |
Multifamily (Apartment / Multifamily) |
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Westland Apartments | 505 S Westland Ave
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