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.