6064 Gibson Ave | Tampa, FL 33617
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6064 Gibson Ave
Tampa, FL 33617
Town Park Villas · Multifamily Property For Sale · 68 Units
INVESTMENT HIGHLIGHTS
- Superior Unit Amenities: 1&2 car garages for every unit
- Additional upside through operational efficiencies after collapsing the condominium association.
- Superior size townhouse floor plans averaging 1,493 sq. ft. Four-bedroom units are 1,778 sq. f
EXECUTIVE SUMMARY
CBRE Multifamily is pleased to present Town Park Villas, a 68-townhome fractured community offering constructed in 2009.
The property is located in Tampa, FL within Uptown’s Innovation District. The district is supported by a strong medical and technology presence, the nationally renowned University of South Florida, and RITHM @ Uptown’s 100-acre mixed-use redevelopment. The medical district has recently undergone a $1.25 billion expansion. The University of South Florida (50,000+ students, 16,210+ faculty and staff) has continued to develop facilities, including a new on-campus football stadium, as it becomes one of the top research universities in the country.
A new investor will benefit from the property’s large and highly amenitized units. The units range in size from 1,230 sq. ft. to 1,778 sq. ft. with all units consisting of private 1 or 2 car garages, private balconies, washer/dryer connections, townhouse floor plans, and ideal unit layouts. Current effective rents average $1.43 per square foot, leaving room for immediate upside.
The property is located in Tampa, FL within Uptown’s Innovation District. The district is supported by a strong medical and technology presence, the nationally renowned University of South Florida, and RITHM @ Uptown’s 100-acre mixed-use redevelopment. The medical district has recently undergone a $1.25 billion expansion. The University of South Florida (50,000+ students, 16,210+ faculty and staff) has continued to develop facilities, including a new on-campus football stadium, as it becomes one of the top research universities in the country.
A new investor will benefit from the property’s large and highly amenitized units. The units range in size from 1,230 sq. ft. to 1,778 sq. ft. with all units consisting of private 1 or 2 car garages, private balconies, washer/dryer connections, townhouse floor plans, and ideal unit layouts. Current effective rents average $1.43 per square foot, leaving room for immediate upside.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 6.92 AC |
| No. Units | 68 | Building Size | 114,710 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built/Renovated | 2009/2014 |
| Building Class | B | Parking Ratio | 1.08/1,000 SF |
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 6.92 AC |
| Building Size | 114,710 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built/Renovated | 2009/2014 |
| Parking Ratio | 1.08/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 48 | - | 1,230 - 1,616 |
| 4+3.5 | 20 | - | 1,778 |
ZONING
| Zoning Code | RMC-20 (Multi-family conventional residential use) |
| RMC-20 (Multi-family conventional residential use) |
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