$550,000 • living size area 3576 sqft

Located near tampa riverfront, armature works, ulele, downtown & ybor city total investment-$550,000 5.2% return on income in place. proforma year 1 cap rate of 6.3% and year 2 cap rate of 8.2%. well occupied 8-unit asset less than 1 mile from armature works, ybor city, and proximate to curtis hixon waterfront park, tampa river-walk, and more. significant and immediate value-add / mark-to market rent opportunity. roof replacement within last 5 years, well maintained, numerous capital improvements since owner purchased. employment demand drivers include hillsborough county courthouse, tampa general hospital, university of tampa and numerous restaurants, galleries, museums, etc. and all the best tampa has to offer. tampa heights has long been a diverse, vibrant neighborhood. its proximity to tampa's urban core allows residents to easily work and play in nearby downtown tampa, ybor city, and seminole heights. this area has recently, and will continue in the future, to see a dramatic shift in commercial development, entertainment options, and infrastructure to support a robust environment for growth. location to be disclosed upon execution of confidentiality agreement. additional information including historical and in-place income statements, rent roll and capital improvement schedule, etc. are available to interested parties that have signed and returned a confidentiality agreement.

Multi Family -

Basics

Features

Description

Similar Properties in this Area