PROPERTY HIGHLIGHTS
TYPE
Multi-Family
LIVING AREA
9,222 sq.ft.
LOT SIZE
0.65 acres
YEAR BUILT
1986
PRIVATE POOL
No
SELLING FIRM
Star Bay Realty Corp.
MLS#
T3520848
Nestled within a secure gated subdivision, this offering comprises 12 well maintained mix of 2 and 3 bedrooms apartments, enveloped by a fully fenced perimeter. Strategically situated in very close proximity to both a bus stop and prime locations in Tampa with lifestyle in this vibrant locale. Seller spent $300K+ in the recent renovations:
1. Brand new roof installed in 2024.
2. Two designated parking spaces allocated for every tenant.
3. Visitor parking amenities have been added.
4. The majority of air conditioning units have been recently upgraded, with a significant portion just replaced.
5. Majority of water heaters have been recently installed or replaced.
6. Entire property has been refreshed with a new coat of paint.
7. Security cameras installed.
Seller has individual water meters installed on each apartment, and bills to tenants. All utility expenses are borne by tenants. Please refer to the attached document for Profit and Loss statements, pro forma, and capitalization rates.
Current Cap Rate 7.4%
Pro forma Cap Rate 9.3%
*The property can be managed by the same management team for a 5% fee, should any buyer require management services.
*Hard money lending and seller financing options are available with a 40% down payment.
Buying Simplified
Have you outgrown your current home, do you wish to downsize, or are you thinking about a change of scenery? Buying a home represents one of the most significant investments of your life. For most, this is an exciting but overwhelming time. You want someone looking out for your interests.
Whether new construction or pre-owned, we’ll help you find the perfect home to fit your needs. Our buyer services are paid for by the seller, so you can leverage our expertise without paying a buyers’ agent fee. We look forward to helping you start the next chapter of your Tampa Bay housing journey!
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PROPERTY DETAILS
INTERIOR FEATURES
Living Room/Dining Room Combo
HEATING
Central
COOLING
Central Air
FIREPLACE
No
EXTERIOR FEATURES
Balcony
COMMUNITY POOL
No
WATERFRONT
No
COUNTY
Hillsborough