7802-7806 Colonial Club Ct - Apartments FOR SALE


Riverview, FL 33578- Southeast Tampa
$2,100,000 USD
813-559-2015
7802-7806 Colonial Club Ct, Riverview, FL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

7802-7806 Colonial Club Ct
Riverview, FL 33578
Southeast Tampa


HIGHLIGHTS

  • Nicely Renovated 12-Unit Apartment Community in the Rapidly Growing Riverview, FL
  • Attractive Unit Mix of 800 SF 2-Bedroom Floorplans w/ Washers & Dryers Provided
  • Unit Interiors Feature LVP Flooring, White Shaker Cabinets, Stainless Steel Appliances, Washers & Dryers, and Updated Showers and Vanities
  • Ability to Boost Additional Income by Achieving 100% Implementation of RUBS Program
  • Riverview has Posted Strong Population Growth of 10%+ Over the Past 5 Years (CoStar)
  • Located Just 12 Miles Outside of Downtown Tampa, the Premier CBD in the Region with Significant Entertainment Options

OVERVIEW

Colonial Club Apartments is a nicely renovated 12-unit apartment community located in the rapidly growing Riverview, FL submarket. Built in 1982 with concrete block construction, pitched roofs, and central HVAC, the property features an attractive unit mix of spacious 800 square foot two-bedroom floorplans with washers and dryers provided. Recent capital improvements have significantly upgraded the asset, including extensive interior renovations to nearly all units, major system upgrades, fresh exterior paint, and enhanced landscaping. The property offers stable in place cash flow with additional upside through full implementation of the RUBS program. Unit interiors feature modern finishes such as LVP flooring, white shaker cabinets, stainless steel appliances, and updated kitchens and baths. Riverview continues to experience strong population and employment growth, supported by new healthcare and retail developments nearby. Located just 12 miles from Downtown Tampa and surrounded by national retailers including ALDI, The Home Depot, Target, Publix, and Walmart, Colonial Club Apartments is well positioned for continued demand and long-term growth.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

12

PRICE/UNIT

$175,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colonial Club Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

RMC-16

APN/PARCEL ID

U-17-30-20-2RP-000000-00010.0,U-17-30-20-2RP-000000-00010.1,U-17-30-20-2RP-000000-00010.2

ASK ABOUT THIS PROPERTY

Cary BrownFranklin StreetMore Info
813-559-2015

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Cary BrownFranklin StreetMore Info
813-559-2015

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