The North Tampa Portfolio 4 Multifamily Properties Offered at $9,250,000 in Tampa, FL
INVESTMENT HIGHLIGHTS
- Attractive unit mix of majority two-bedroom units
- Opportunity to purchase additional units. Please contact Lead Agent
- 1.3 miles to I-275, offering convenient access to Downtown Tampa, Westshore Business District, St. Petersburg and Clearwater
- Assumable mortgage with 4.75% interest rate
- Approximately two miles to University of South Florida, AdventHealth Hospital Tampa, Haley VA Medical Center, and Moffitt Cancer Center
EXECUTIVE SUMMARY
73-unit multifamily portfolio in Tampa, FL. Significant proven upside potential with a 37% increase in Net Operating Income possible by end of Year Two through continued unit interior and common area improvements. Two miles to RITHM @ Uptown – This groundbreaking $1 billion project will be one of the largest innovation communities in the state, boasting 7-million square feet of development and will include residential, retail, entertainment, corporate offices, hospitality and more, including recently opened Sprouts Farmers Market
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
PROPERTY FACTS
| Price | $9,250,000 |
| Price / SF | $142.27 / SF |
| Cap Rate | 6.51% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 65,017 SF |
| Total Land Area | 2.60 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1406 College Park Ct, Tampa, FL 33612 | Multifamily | 13,575 SF | 1966 | - |
| 1909 E 137th Ave, Tampa, FL 33613 | Multifamily | 5,904 SF | 1974 | - |
| 1503-1515 E 140th Ave, Tampa, FL 33613 | Multifamily | 19,542 SF | 1986 | - |
| 1505-1507,1801 East 142nd Avenue Ave, Tampa, FL 33613 | Multifamily | 25,996 SF | 1969 | - |
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