3111 W Horatio St - Apartments FOR SALE


Tampa, FL 33609- Gray Gables
$3,975,000 USD
813-334-1184
3111 W Horatio St, Tampa, FL for Sale
$3,975,000 USD
Apartments - FOR SALE
1/16
null | 6.11% Cap Rate

3111 W Horatio St
Tampa, FL 33609
Gray Gables


HIGHLIGHTS

  • Asset is 100% occupied in highly constrained submarket
  • Concrete block construction, with freshly painted exterior
  • New dimensional shingle roof in 2019
  • BBQ/picnic area and on-site laundry facility (on a cancelable profit share)
  • $120,078 two-mile average household income is 17.57% higher than Florida average

OVERVIEW

16-unit multifamily community located in affluent South Tampa, Florida. All units recently upgraded to Class ‘A’ standard, with new quartz countertops and undermount sinks, new white shaker cabinetry, stainless steel appliances with built-in microwave and dishwasher, brushed gold fixtures and hardware and new vinyl plank flooring throughout. Situated in the heart of South Tampa, the asset affords ease of access to Downtown Tampa, Westshore Business District, Hyde Park Village, Midtown, Water Street Tampa, Interstate 275, and numerous nearby employers, restaurants and retail options.

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

16

PRICE/UNIT

$248,438

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tampatown Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

RM-24

APN/PARCEL ID

A-22-29-18-3MU-L00000-00003.0

ASK ABOUT THIS PROPERTY

Ned RobertsRPH MultifamilyMore Info
813-334-1184

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Ned RobertsRPH MultifamilyMore Info
813-334-1184

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