4422 N Hale Ave - Apartments FOR SALE


Tampa, FL 33614- Drew Park
$675,000 USD
813-500-7800
4422 N Hale Ave, Tampa, FL for Sale
$675,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

4422 N Hale Ave
Tampa, FL 33614
Drew Park


HIGHLIGHTS

  • Convenient Tampa location within the Drew Park area, offering access to major commercial corridors and employment centers.
  • Located in an established infill neighborhood with a mix of commercial, industrial, and residential uses.
  • Accessible to Interstate 275, Veterans Expressway, and other major transportation routes throughout the Tampa Bay region.
  • Benefits from proximity to Westshore, Downtown Tampa, and surrounding business districts.

OVERVIEW

Rare opportunity to acquire a six-unit multifamily property on an oversized 14,400 SF lot in Tampa’s highly desirable Drew Park area. The property is zoned IG (Industrial General), providing an additional land and zoning component to the investment beyond the existing rental income. The property consists of six approximately 400 SF, one-bedroom/one-bath units with covered carports and concrete block construction. Current rents have remained largely unchanged for approximately 10 years, creating a compelling value-add opportunity for a new owner to renovate, reposition, and increase rental income. Strategically located approximately one block from the proposed Tampa Bay Rays stadium development area and just two blocks from George M. Steinbrenner Field and Raymond James Stadium. The property also offers convenient access to Tampa International Airport, Westshore Business District, Midtown Tampa, and Downtown Tampa. With six existing rental units, below-market rents, an oversized 14,400 SF IG-zoned lot, and a central Drew Park location, the property offers multiple avenues for potential value creation. Ideal for an investor seeking long-term rental income, a furnished or short-term rental strategy where permitted, and long-term appreciation. A unique opportunity to acquire an income-producing property with significant land value in one of Tampa’s most strategically located and evolving neighborhoods.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

6

PRICE/UNIT

$112,500

CAP RATE

Request Cap Rate

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Drew Park 6-Unit Multifamily Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,400 SF

ZONING

IG

APN/PARCEL ID

A-04-29-18-3IP-000029-00032.0

ASK ABOUT THIS PROPERTY

Ralph CarrasquilloIQ CommercialMore Info
813-500-7800

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Ralph CarrasquilloIQ CommercialMore Info
813-500-7800

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