609 Golden Raintree Pl - Apartments FOR SALE


Brandon, FL 33510
$1,935,000 USD
813-221-2079
609 Golden Raintree Pl, Brandon, FL for Sale
$1,935,000 USD
Apartments - FOR SALE
1/16
null | 6.41% Cap Rate

609 Golden Raintree Pl
Brandon, FL 33510


HIGHLIGHTS

  • Large, open floor plans with majority two-bedrooms/two-baths or larger
  • Full amenity package including two swimming pools, clubhouse, fitness center, and multiple resident gathering areas
  • Immediate upside potential in rents (14% per unit per month), in a submarket dominated by renters (53.2% and expected to grow in coming years)
  • Less than 10 minutes from major highways – I-75, I-4 and Lee Roy Selmon crosstown expressway
  • Recent individual unit sales as high as $155,000 per unit

OVERVIEW

The Hamptons at Brandon is a 1980s constructed garden-style community. The offering includes 14 of 204 units which have been operating successfully as rentals for the past 18 years. Units are spread throughout the community which consists of 23 two-story multifamily buildings and 2 common area buildings which house the office, a clubhouse, laundry facilities and the main swimming pool. The offering is a mix of 1 one-bedroom/one-bath unit, 11 two-bedroom/two-bath units, and 2 three-bedroom/two-bath units. Units feature large floor plans, private patios, fully equipped kitchens with dishwashers and washer/dryer connections in select units, with the ability to install washer/dryer in all units for additional income. Community amenities include two swimming pools, a clubhouse, two laundry facilities, lighted tennis courts, fitness center, sand volleyball court, toddler playground and BBQ grilling areas. The asset is located in the heart of Brandon, a thriving Tampa suburb just 7 miles from Downtown Tampa and one of the fastest growing communities in the Tampa Bay MSA. It is a majority-renter submarket, with renter households the dominant and growing share of demand through 2031. The Hamptons has a daytime employment base of 113,000+ within a 5-mile radius and is in immediate proximity to major demand drivers such as: Brandon Regional Hospital (1 mile southeast), Brandon Exchange (formerly Westfield Brandon) and Regency Square Mall (2 miles east), and The Estuary, a massive entertainment complex with Bass Pro Shops, Topgolf, iFly, Carvana, a Tampa General Hospital ER, and 2 USAA office buildings totaling 660,000 SF and housing thousands of employees (2.4 and 3.4 miles west). The Brandon Campus of Hillsborough Community College educates nearly 47,000 students, and Interstate 75 and the Lee Roy Selmon Expressway are all within roughly 2 miles.

FOR SALE DETAILS

PRICE

$1,935,000 USD

PRICE/SF

$7 USD /SF

# OF UNITS

14

PRICE/UNIT

$138,214

CAP RATE

6.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hamptons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

160

LAND DETAILS

LAND ACRES

11.62 AC

LAND SF

506,167 SF

ZONING

RMC-16

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Luis BaezColliersMore Info
813-221-2079

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Luis BaezColliersMore Info
813-221-2079

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