CBRE Multifamily is pleased to present Town Park Villas, a 68-townhome fractured community offering constructed in 2009.
The property is located in Tampa, FL within Uptown’s Innovation District. The district is supported by a strong medical and technology presence, the nationally renowned University of South Florida, and RITHM @ Uptown’s 100-acre mixed-use redevelopment. The medical district has recently undergone a $1.25 billion expansion. The University of South Florida (50,000+ students, 16,210+ faculty and staff) has continued to develop facilities, including a new on-campus football stadium, as it becomes one of the top research universities in the country.
A new investor will benefit from the property’s large and highly amenitized units. The units range in size from 1,230 sq. ft. to 1,778 sq. ft. with all units consisting of private 1 or 2 car garages, private balconies, washer/dryer connections, townhouse floor plans, and ideal unit layouts. Current effective rents average $1.43 per square foot, leaving room for immediate upside.