209 W Gladys St - Multi-Family FOR SALE


Tampa, FL 33602- Tampa Heights
$1,200,000 USD
773-573-8183
209 W Gladys St, Tampa, FL for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/14
null | Request Cap Rate

209 W Gladys St
Tampa, FL 33602
Tampa Heights


HIGHLIGHTS

  • Two-story multifamily property built in 1925
  • Fully renovated units featuring modern finishes, updated kitchens, premium appliances, central A/C, in-unit washer/dryers, and private outdoor space
  • Immediate upside through implementation of water, sewer, and trash utility reimbursements
  • Opportunity to capitalize on potentially favorable residential financing options
  • Convenient access to I-275, Nebraska Avenue, Florida Avenue, and major Tampa roadways
  • Surrounded by premier dining, retail, entertainment, and lifestyle amenities throughout Tampa Heights & Downtown Tampa

OVERVIEW

This two-story multifamily property, originally built in 1925, consists of three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. All four units have been fully renovated with modern finishes, updated kitchens, premium appliances, central A/C, in-unit washers and dryers, and private outdoor space, providing a turnkey investment with limited near-term capital expenditure needs. The property offers immediate upside through the implementation of water, sewer, and trash utility reimbursements, along with the potential to take advantage of favorable residential financing options. The combination of renovated units, multiple income streams, and identifiable operational upside creates an attractive opportunity to enhance cash flow and long-term value. Located in the highly desirable Tampa Heights submarket, the property benefits from strong renter demand, limited available land, and convenient proximity to Tampa’s urban core. Residents enjoy easy access to I-275, Nebraska Avenue, Florida Avenue, and major Tampa roadways, while Downtown Tampa, the Tampa Riverwalk, Armature Works, Water Street Tampa, Tampa International Airport, and major employment centers are all just minutes away. The surrounding area also offers an extensive selection of premier dining, retail, entertainment, and lifestyle amenities. As Tampa Heights continues to benefit from ongoing investment, redevelopment, and its proximity to major employment and lifestyle destinations, the property is well positioned to benefit from sustained rental demand and potential long-term appreciation. Its infill location, renovated condition, and opportunities for additional income growth make it an attractive investment for both cash flow and future value creation.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gladys Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM-16

APN/PARCEL ID

A-12-29-18-4R6-000002-00005.0

ASK ABOUT THIS PROPERTY

Geno CroninFranklin StreetMore Info
773-573-8183

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Geno CroninFranklin StreetMore Info
773-573-8183

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