806 E Chelsea St - Apartments FOR SALE


Tampa, FL 33603- Seminole Heights
$1,000,000 USD
773-573-8183
806 E Chelsea St, Tampa, FL for Sale
$1,000,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

806 E Chelsea St
Tampa, FL 33603
Seminole Heights


HIGHLIGHTS

  • 4 Unit apartment complex located on Seminole Heights.
  • Property consists of one 3-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and two 1-bedroom/1-bath units.
  • Fully furnished units featuring renovated interiors, modern finishes, updated kitchens, premium appliances, and wood flooring throughout.
  • Off-street parking, and on-site laundry facilities for tenant convenience.
  • Immediate income upside through implementation of water, sewer, and trash utility reimbursements.
  • Centrally located with convenient access to Seminole Heights, Tampa Heights, Downtown Tampa, and major employment and entertainment destinations.

OVERVIEW

This two-story multifamily property, built in 1923, offers a well-positioned four-unit investment opportunity consisting of one 3-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and two 1-bedroom/1-bath units. The fully furnished residences feature renovated interiors, modern finishes, updated kitchens, premium appliances, and wood flooring throughout, complemented by on-site laundry, individual A/C systems, and off-street parking. The variety of floorplans and furnished configuration provides flexibility to target traditional, corporate, and medium-term renters, while immediate opportunities exist to increase income through water, sewer, and trash reimbursements and by optimizing or monetizing the on-site laundry facilities. The property is also attractive from a long-term investment perspective due to its central Tampa location and multiple avenues for improving cash flow. Convenient access to Seminole Heights, Tampa Heights, Downtown Tampa, and major employment and entertainment destinations supports consistent rental demand and tenant convenience. With renovated units already in place, investors can focus on operational and revenue enhancements rather than significant upfront renovations. Combined with potential access to favorable residential financing options, utility reimbursement upside, ancillary laundry income, diversified rental demand, and the property's desirable Tampa location, the asset offers the potential for stronger cash flow today and additional value creation over the hold period.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

4

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chelsea Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

SH-RS

APN/PARCEL ID

A-01-29-18-4GR-000002-00014.0

ASK ABOUT THIS PROPERTY

Geno CroninFranklin StreetMore Info
773-573-8183

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

Geno CroninFranklin StreetMore Info
773-573-8183

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