11713 N 15TH ST, TAMPA FL 33612

9,222
SQ FT

$2,500,000

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

Read more about this listing 11713 N 15TH ST TAMPA, FL 33612

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.

...READ MORE ABOUT THIS HOME...

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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

MORTGAGE CALCULATOR

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Listings courtesy of Stellar MLS as distributed by MLS GRID based on information submitted to the MLS GRID as of Fri, 17 May 2024 04:03:00 GMT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Property information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.