12211 N 59th St
Tampa, FL 33617
Temple Terrace
HIGHLIGHTS
- All new roofs in 2026 and majority of HVAC systems replaced in last six years
- Tile flooring throughout
- Concrete block construction built in two phases —1974 and 1982
- Entire community uses well water—drastically reducing normalized water utility costs for the area
- Five minutes to Interstate 75
- Five minutes to University of South Florida with more than 50,000 students
OVERVIEW
A 26-unit multifamily community in Temple Terrace, Florida (Tampa Bay MSA). Favorable unit mix of 100% two- and three-bedroom units. Significant value add potential through unit-interior renovations and common-area improvements which may realize a 21.5% increase in Effective Gross Income end of Year Two. Ten minutes to 415-bed Haley VA Hospital & internationally renowned Busch Gardens Tampa Bay.
FOR SALE DETAILS
PRICE
$2,990,000 USD
PRICE/SF
$159 USD /SF
# OF UNITS
26
PRICE/UNIT
$115,000
CAP RATE
7.09%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Terrace Square Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.69 AC
LAND SF
73,751 SF
ZONING
RMC-20
APN/PARCEL ID
U-10-28-19-1HO-000000-00068.0
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
813-334-1184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
813-334-1184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
