11720 N 15th St - Apartments FOR SALE


Tampa, FL 33612- University Square
$1,800,000 USD
813-387-4718
11720 N 15th St, Tampa, FL for Sale
$1,800,000 USD
Apartments - FOR SALE
1/14
null | 5.2% Cap Rate

11720 N 15th St
Tampa, FL 33612
University Square


HIGHLIGHTS

  • Seller-Financing Available
  • Concrete block construction
  • Potential to develop an additional 4-units
  • Approximately two miles to University of South Florida, AdventHealth Hospital Tampa, Haley VA Medical Center, and Moffitt Cancer Center
  • 1.3 miles to I-275, offering convenient access to Downtown Tampa, Westshore Business District, St. Petersburg and Clearwater

OVERVIEW

10-unit multifamily community in Tampa, FL - attractive unit mix of majority two-bedroom units and a three-bedroom unit. Significant proven upside potential with a 25% increase in Effective Gross 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.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

10

PRICE/UNIT

$180,000

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,580 SF

ZONING

RMC-16

APN/PARCEL ID

U-07-28-19-1GN-D00000-00006.0

ASK ABOUT THIS PROPERTY

Donald TurnerMarcus & MillichapMore Info
813-387-4718

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Donald TurnerMarcus & MillichapMore Info
813-387-4718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.