813-229-3111
2010 E 148th Ave, Lutz, FL for Sale
Apartments - FOR SALE
1/50
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2010 E 148th Ave
Lutz, FL 33549


HIGHLIGHTS

  • 75% - 2003 Concrete Block Construction Built
  • Unit Mix 92% - 800 sq ft 2-bedrooms and 1,250 sq ft 3-bedrooms
  • Washer + Dryer Connections in all 17 Townhomes (ability to add W/D in the remaining 7 units)
  • Turnkey, Renovated Asset 21 units have been fully renovated
  • Immediate, Low-Friction Income Upside Raising utility reimbursements to market ($150/unit/month) with zero capital required
  • Prime USF Proximity Located minutes from the University of South Florida (50,000+ students, 16,000+ employees)

OVERVIEW

CBRE is pleased to present Uptown Townhomes, a 24-unit multifamily asset situated at 2010 E. 148th Avenue in Lutz, Florida, a high-income, supply-constrained node within the greater North Tampa submarket. The property offers investors a rare opportunity to acquire a concrete block, townhome-style community in one of the Tampa MSA's most demographically resilient corridors. Uptown Townhomes features a diverse mix of one-, two-, and three-bedroom floorplans across a well-established, multi-phase community with the majority of units delivered in the early 2000s. Solid concrete block construction throughout delivers meaningful advantages in Florida's evolving insurance landscape, including favorable underwriting treatment and reduced long-term maintenance exposure, a significant differentiator in today's market. The townhome product type, with its multi-level design and private entry points, commands a structural premium over traditional garden-style apartments and remains a scarce offering within the immediate submarket. Positioned within the Tampa Palms vicinity of Lutz, where estimated median household income has reached $128,547, the property benefits from proximity to approximately 30,000 healthcare and education jobs driven by the University of South Florida, Veterans' Hospital, and AdventHealth's main hospital campus. Downtown Tampa, Water Street, and the Westshore Business District are all accessible within 20 minutes via I-275, I-75, and I-4. With its concrete block construction, scarce townhome format, and position within one of Tampa Bay's most affluent and supply-constrained submarkets, Uptown Townhomes represents a compelling acquisition opportunity for investors seeking stable cash flow and long-term appreciation in one of Florida's most resilient rental markets.

FOR SALE DETAILS

PRICE

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# OF UNITS

24

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Uptown Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

RMC-12

APN/PARCEL ID

U-31-27-19-1D3-000000-00051.1

ASK ABOUT THIS PROPERTY

813-229-3111

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813-229-3111

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