106 S Delaware Ave - Apartments FOR SALE


Tampa, FL 33606- Hyde Park
$1,395,000 USD
813-500-7800
106 S Delaware Ave, Tampa, FL for Sale
$1,395,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

106 S Delaware Ave
Tampa, FL 33606
Hyde Park


HIGHLIGHTS

  • Prime South Tampa / SOHO location just minutes from Hyde Park Village and Downtown
  • 8 existing 1BR/1BA units and 5 Studios with solid income potential
  • 20,382 SF lot (158’ x 129’) with two existing multifamily buildings (8,062 SF total)
  • Surrounded by upscale townhomes, apartments, and vibrant retail/dining
  • Strong rental demand and long-term appreciation potential

OVERVIEW

Prime South Tampa – SOHO Multifamily Redevelopment Offering Exceptional opportunity to acquire a rare 8-unit multifamily property in the highly sought-after South Tampa / SOHO district—one of Tampa’s most desirable urban-core neighborhoods. The offering includes 106 S. Delaware Avenue, Tampa, FL 33606, consisting of one building totaling approximately 4,086 square feet on a 51'X129' Lot. Currently configured with Eight Units (4) one-bedroom, one-bath units and (4) Studio's, the property presents multiple upside options—whether through a comprehensive renovation to maximize rental income or a complete redevelopment under Future Land Use CMU 60. This is a rare opportunity in one of Tampa’s most dynamic submarkets—perfect for investors, developers, or owner/builders looking to capitalize on the continuing growth of South Tampa. See Attached Proforma is based on making improvements and installing water submeters to each unit. All units are separately metered for Electric.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

13

PRICE/UNIT

$107,308

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime South Tampa 8 Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

RM-24

APN/PARCEL ID

A-23-29-18-4SU-000007-00002.0,A-23-29-18-4SU-000007-00003.0,A-23-29-18-4SU-000007-00004.0

ASK ABOUT THIS PROPERTY

Ralph CarrasquilloIQ CommercialMore Info
813-500-7800

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Ralph CarrasquilloIQ CommercialMore Info
813-500-7800

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