3105 W Spruce St - Apartments FOR SALE


Tampa, FL 33607- MacFarlane
$779,000 USD
727-251-5953
3105 W Spruce St, Tampa, FL for Sale
$779,000 USD
Apartments - FOR SALE
1/13
null | 6.17% Cap Rate

3105 W Spruce St
Tampa, FL 33607
MacFarlane


HIGHLIGHTS

  • Exceptional 3-Unit Multifamily Asset, Consisting of 4-Bed /4.5-Bath House & Two Apartments on 1 Parcel
  • Savvy Investment Opportunity to Reside in House & Leverage 2 Apartment Units to Pay Mortgage & Build Equity
  • Non-Flood Zone Location (Zone X) & Newer Roofs (2023), Substantially Reducing Insurance
  • Property Consists of 3-Units, in 3 Buildings, on 1 Parcel Totaling 0.19 Acres
  • 4-Minutes from Midtown Tampa, Featuring Whole Foods, REI, Aloft & Element Marriott Hotel, & Over 1,000 Residential Units Driving Tenant Demand
  • 10-Minutes from Downtown Tampa, SoHo & Ybor City - Providing Quick Access to Major Job Centers, Nightlife & Culture

OVERVIEW

VIEW OFFERING MEMORANDUM (35 pages) FOR FULL DETAILS at MultifamilyFirm.com The Multifamily Firm is pleased to present MacFarlane Park Place, an exceptional 3-unit multifamily property in the heart of Tampa. The asset consists of a spacious 4-bed / 4.5-bath house and Two rear apartments, all situated on 1 parcel. Currently vacant, the property offers immediate access for an owner-occupant or investor seeking to reside in the main house while leveraging the 2 apartments to offset the mortgage & build equity. The main house has been recently renovated with modern finishes, featuring en-suite bathrooms in every bedroom, granite countertops, stainless steel appliances, and LVP flooring. Complementing the house are two additional units, a 2-Bed / 1-Bath apartment and a 1-Bed / 1-Bath apartment, providing strong rental income potential. With newer roofs (2023) and a non-flood zone location (Zone X), insurance costs are substantially reduced. Ideally located minutes from Midtown Tampa, Downtown, SoHo, Ybor City, and Tampa International Airport, the property benefits from proximity to major job centers, premium shopping, top dining, year-round sports, and cultural amenities… making it a rare opportunity in one of Tampa’s most dynamic growth corridors.

FOR SALE DETAILS

PRICE

$779,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

3

PRICE/UNIT

$259,667

CAP RATE

6.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MacFarlane Park Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1913

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RS-50

APN/PARCEL ID

A-15-29-18-4PV-000049-00014.0

ASK ABOUT THIS PROPERTY

Kyle KeelanThe Multifamily Firm, LLCMore Info
727-251-5953

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Kyle KeelanThe Multifamily Firm, LLCMore Info
727-251-5953

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