6829 S Desoto St - Apartments FOR SALE


Tampa, FL 33616- Port Tampa City
$1,215,000 USD
773-573-8183
6829 S Desoto St, Tampa, FL for Sale
$1,215,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

6829 S Desoto St
Tampa, FL 33616
Port Tampa City


HIGHLIGHTS

  • Two-story 1980’s concrete block construction with pitched roofs.
  • Property consists of 100% two-bedroom, one-bath floorplans averaging approximately 754 square feet.
  • Recent Capital Improvements: Fully renovated units with granite counter tops, stainless steel appliances, and smart home features.
  • Washer/dryer connection in all units.
  • Four on-site storage units located behind the 6831 building are currently unmonetized, providing an opportunity to generate supplemental income.
  • Located in South Tampa, an infill market characterized by strong renter demand, limited available land, & high barriers to new multifamily development

OVERVIEW

DeSoto Apartments is a fully renovated multifamily community located in the heart of South Tampa, one of the region's most sought-after infill submarkets. The property features spacious two-bedroom, one-bath residences averaging approximately 754 square feet, with durable 1980s concrete block construction and pitched roofs. Each apartment has been renovated with granite countertops, stainless steel appliances, smart home technology, and washer/dryer connections, while individually metered electricity and a RUBS program for water and sewer provide operational efficiencies. The property also offers additional upside through four currently unmonetized on-site storage units. Located just minutes from MacDill Air Force Base, Downtown Tampa, and the Westshore Business District, DeSoto Apartments benefits from a diverse employment base and exceptional connectivity via Gandy Boulevard, Dale Mabry Highway, and the Selmon Expressway. The combination of a turnkey renovation, operational upside, and a premier South Tampa location presents a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$1,215,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

7

PRICE/UNIT

$173,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DeSoto Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RS-50

APN/PARCEL ID

A-17-30-18-42J-000074-00007.0,A-17-30-18-42J-000074-00008.0

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.