610 W Horatio St
Tampa, FL 33606

SELLER FINANCING AVAILABLE!!!! Eusonian Flats is an ideally-located, 14-unit multifamily community in the prime Hyde Park Historic District, minutes away from downtown Tampa, high-end retail at Hyde Park Village, and picturesque Bayshore Boulevard. The 100% occupied property currently includes a mix of studio (5) and one-bedroom (9) floor plans. A new owner can convert the studios into one-bedroom floor plans by installing a dividing wall. On-site amenities include a picnic area, mail center, outdoor lounge area, and fully-gated perimeter.
Completed in 2018, the current owner undertook a $191K/SF ($14K/unit) renovation program that transformed the property. The improvements included significant interior upgrades, landscaping enhancements, and exterior painting. Unit interiors include laminate flooring, glass top stove, kitchen backsplashes, and open floor plans that preserve the property’s historical aesthetic and provide a luxury product to the high-end tenant base. Additional value-add opportunities such as washer / dryer installation and supplemental renovation provide significant revenue growth opportunities.
Hyde Park continues to experience significant luxury single-family home and condominium development due to its wealth of retail amenities, proximity to major employment hubs, and accessibility via the Selmon Expressway to the greater Tampa MSA. The submarket is anchored by luxury lifestyle center Hyde Park Village, which includes some of Tampa’s best restaurants and designer retail.
Hyde Park and the larger South Tampa submarket are amongst the strongest multifamily rental rate growth markets over the last three years and continued demand tailwinds are anticipated due to the MSA’s projected population growth rate that is 2.5x the national average over the next five years.