5901 Bryce Ln - Apartments FOR SALE


Tampa, FL 33615- Town 'N' Country
$4,052,000 USD
727-846-7777
5901 Bryce Ln, Tampa, FL for Sale
$4,052,000 USD
Apartments - FOR SALE
1/21
null | 6.5% Cap Rate

5901 Bryce Ln
Tampa, FL 33615
Town 'N' Country


OVERVIEW

A 34-unit, 5-building garden-style community on 1.78 acres in one of West Tampa's tightest-fundamental submarkets, minutes from Tampa International Airport and the Veterans Expressway. Built in 1983 and 94% occupied, this is a small-bay multifamily asset with real, in-place rent upside — not a pro forma story. The math: in-place 1-bedroom rents run $925 to $1,250 against a $1,144 average, and every point of that spread closes with routine turnover and light unit-level work — flooring's already been swapped in multiple units (9/2025, 11/2025), and a water heater replaced as recently as 7/2025. Electric is individually metered per unit, keeping the expense line clean; water runs on a single master meter. Offered at $4,052,000 — $119,176 per unit — against a 6.5% cap rate on 2026 annualized NOI of $263,384. Low density, low deferred maintenance, and a rent roll with room to run.

FOR SALE DETAILS

PRICE

$4,052,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

34

PRICE/UNIT

$119,176

CAP RATE

6.5%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tampa Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

RMC-16

APN/PARCEL ID

U-34-28-17-ZZZ-000000-40670.0

ASK ABOUT THIS PROPERTY

Alex KhoyiTeamkar Realty, inc.More Info
727-846-7777

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Alex KhoyiTeamkar Realty, inc.More Info
727-846-7777

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