5113 N Nebraska Ave - Apartments FOR SALE


Tampa, FL 33603- Seminole Heights
$2,200,000 USD
813-335-1976
5113 N Nebraska Ave, Tampa, FL for Sale
$2,200,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

5113 N Nebraska Ave
Tampa, FL 33603
Seminole Heights


HIGHLIGHTS

  • Renovated 14-Unit Multifamily Property Situated in the Highly Desirable Seminole Heights Neighborhood
  • Value-Add Opportunity with Projected Annual Rent Growth of $11,250+
  • Solid 1985 Concrete Block Construction with Durable Pitched Roofs
  • Upgraded Interiors Feature Vinyl Plank/Tile Flooring, Granite Counters, Stainless Steel Appliances with Dishwashers, and Modernized Cabinetry
  • Exterior Enhancements Include Fresh Paint & a Newly Installed On-Site Laundry Facility
  • Situated in the Heart of One of Tampa’s Most Desirable and Rapidly Evolving Neighborhoods

OVERVIEW

Urban Heights is a renovated 14-unit multifamily property located in the heart of the highly desirable Seminole Heights neighborhood. Offering a 6.24% takeover cap rate reflecting adjusted taxes and insurance, this solid 1985 concrete block construction features durable pitched roofs and modernized interiors. Each unit boasts vinyl plank and tile flooring, granite countertops, stainless steel appliances with dishwashers, and updated cabinetry, while exterior enhancements include fresh paint and a newly installed on-site laundry facility. With a projected annual rent growth of $11,250+, this property presents a compelling value-add opportunity for investors seeking both stability and upside. Nestled in historic and vibrant Seminole Heights, Urban Heights provides residents easy access to the area’s artsy local businesses, early-20th-century bungalows, and a walkable, trendy corridor of dining, coffee shops, breweries, and boutique retail along Florida Avenue, Nebraska Avenue, and nearby Hillsborough Avenue. The property’s prime location is just 0.2 miles from I-275, offering quick commutes to Downtown Tampa, the Westshore Business District, and regional transit routes. Residents also enjoy convenient access to grocery and retail anchors, including Publix and a Walmart Supercenter less than 2 miles away, making Urban Heights the perfect blend of modern comfort, historic charm, and unmatched convenience in one of Tampa’s most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

14

PRICE/UNIT

$157,143

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urban Heights Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CG, Tampa

APN/PARCEL ID

A-06-29-19-4L1-000002-00002.0

ASK ABOUT THIS PROPERTY

Eve LowryFranklin StreetMore Info
813-335-1976

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Eve LowryFranklin StreetMore Info
813-335-1976

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