12216 N 59th St - Apartments FOR SALE


Tampa, FL 33617- Temple Terrace
$1,285,000 USD
561-310-0935
12216 N 59th St, Tampa, FL for Sale
$1,285,000 USD
Apartments - FOR SALE
1/17
null | 6.84% Cap Rate

12216 N 59th St
Tampa, FL 33617
Temple Terrace


HIGHLIGHTS

  • Excellent location
  • Large, marketable units
  • Space to build additional apartments!
  • High demand rental market - close to everything in the area!

OVERVIEW

The Goldstein Group is pleased to present Milan Villas of Tampa, FL. As one of the most populous cities in Florida, Tampa is an ideal market in which to own quality rental units. This 7 unit community enjoys high demand due to attractive floorplans and privacy normally associated with single family home living, while also offering affordability and proximity to everything the area has to offer. By being in the heart of one of the most popular places to live in Florida, Milan Villas offers:By being in the heart of one of the most popular places to live in Florida, Milan Villas offers: • •Strong appeal for residents – featuring gated access, spacious, updated units, a community pool (unusual for 7 units), and reserved parking, these units enjoy high demand as annual or vacation rentals year round. •Stability – Townhomes are a high demand rental type in all markets, but particularly in the Tampa Bay area. Investors enjoy a solid and consistent tenant base, and residents the luxuries of a single family home with the conveniences/amenities that come with apartment living. •Location – Less than 2 miles from University of South Florida, Adventhealth Hospital Tampa, VA Medical Center and Moffitt Cancer Center – all major local employment and education centers, creating a broad local tenant base. Also, close to all local retail, dining, hospitality, office and world-famous Busch Gardens of Tampa Bay! •Flexibility – units are individually deeded, and four are currently fully furnished and operated as vacation rentals/Airbnb units. Can be sold off individually to owner/occupants or smaller investors if so desired. •Potential for additional units – Included in the sale is a 0.40 acre parcel behind the property, with the potential to build 8 additional townhomes.

FOR SALE DETAILS

PRICE

$1,285,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

7

PRICE/UNIT

$183,571

CAP RATE

6.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Milan Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

958 SF

ZONING

RMC-20

APN/PARCEL ID

U-10-28-19-1HP-000002-00006.0

ASK ABOUT THIS PROPERTY

Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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