7919 Lakeshore Dr - Multi-Family FOR SALE


Tampa, FL 33604- Temple Crest
$1,600,000 USD
724-272-9001
7919 Lakeshore Dr, Tampa, FL for Sale
$1,600,000 USD
Multi-Family - FOR SALE
1/21
null | 6.76% Cap Rate

7919 Lakeshore Dr
Tampa, FL 33604
Temple Crest


HIGHLIGHTS

  • Nearly $300,000 invested in capital improvements with minimal deferred maintenance
  • Renovations include six fully gut-renovated units and two partially renovated units
  • Concrete block construction offers lower maintenance costs and reduced ownership risk
  • Strong historical tenant demand with minimal vacancy
  • Situated in Flood Zone X with no lender-required flood insurance

OVERVIEW

Stabilized 8-unit multifamily community located in North Tampa submarket with a proven history of strong occupancy. Recent exterior improvements include seven new HVAC systems, fresh exterior paint on both buildings, a new concrete driveway, new patios and perimeter fencing and restored second-floor staircases. Additional revenue upside through implementation of the Housing Choice Voucher (Section 8) program, with two-bedroom payment standards up to approximately $1,910 per month for the 33604 ZIP code. Ideally situated less than 5 minutes from Lowry Park, ZooTampa at Lowry Park, and the Hillsborough River, providing residents with convenient access to recreation and outdoor amenities. Approximately 10 minutes from Downtown Tampa, the Tampa Riverwalk, Armature Works, and Tampa Heights, placing residents within easy reach of the region’s largest employment, dining and entertainment centers. Located near major employment and educational hubs including AdventHealth Tampa, Tampa General Hospital, USF, Moffitt Cancer Center, and Busch Gardens, supporting long-term rental demand from healthcare professionals, students and the area’s growing workforce.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

8

PRICE/UNIT

$200,000

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

A-28-28-19-46B-000042-00007.0

ASK ABOUT THIS PROPERTY

Zachary BrownMarcus & MillichapMore Info
724-272-9001

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Zachary BrownMarcus & MillichapMore Info
724-272-9001

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