6244-6250 S Martindale Ave - Apartments FOR SALE


Tampa, FL 33611- Interbay
$2,400,000 USD
773-573-8183
6244-6250 S Martindale Ave, Tampa, FL for Sale
$2,400,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

6244-6250 S Martindale Ave
Tampa, FL 33611
Interbay


HIGHLIGHTS

  • 8 units featuring concrete block with pitched roofs
  • Property consists of 100% two-bedroom/one-bathroom floorplans
  • Recent capital improvements include fully furnished units with updated interiors, modern finishes, central A/C, and in-unit washers and dryers
  • Opportunity to capitalize on potentially favorable residential financing options due to the portfolio’s duplex configuration
  • Located in South Tampa's Bayshore submarket and directly across the street from MacDill 48 Park
  • Strong furnished and medium-term rental demand driven by proximity to MacDill Air Force Base and major South Tampa employment centers

OVERVIEW

This eight-unit multifamily property in South Tampa’s highly desirable Bayshore submarket presents an attractive investment opportunity with a strong combination of location, quality, and income potential. The property consists entirely of two-bedroom, one-bathroom units with concrete-block construction, pitched roofs, and recent capital improvements, including fully furnished interiors, modern finishes, central A/C, and in-unit washers and dryers. Its pet-friendly design and flexible furnished configuration broaden the tenant pool and create opportunities to capture both traditional long-term renters and higher-demand furnished and medium-term tenants. The property’s location directly across from MacDill 48 Park and just minutes from MacDill Air Force Base, Bayshore Boulevard, Downtown Tampa, and the Westshore Business District provides convenient access to some of Tampa’s most important employment and lifestyle destinations. This supports consistent rental demand and positions the property to benefit from the growing need for furnished and medium-term housing among military personnel, professionals, and employees working in nearby employment centers. From an investment perspective, there is also potential to enhance returns through utility reimbursements, optimize the furnished rental strategy, and potentially take advantage of favorable residential financing options associated with the property’s duplex configuration. Overall, the combination of a strong South Tampa location, renovated and fully furnished units, multiple rental strategies, and identifiable opportunities to increase income makes this an compelling value-add investment with attractive long-term potential.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Martindale Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

RM-16

APN/PARCEL ID

A-15-30-18-40G-000001-00023.0,A-15-30-18-40G-000001-00024.0,A-15-30-18-40G-000001-00025.0,A-15-30-18-40G-000001-00026.0

ASK ABOUT THIS PROPERTY

Geno CroninFranklin StreetMore Info
773-573-8183

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Geno CroninFranklin StreetMore Info
773-573-8183

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