813-521-6349
8412-8420 N Lois Ave, Tampa, FL for Sale
Apartments - FOR SALE
1/35
null | Request Cap Rate

8412-8420 N Lois Ave
Tampa, FL 33614
Carrollwood


HIGHLIGHTS

  • Built in 1981 of solid concrete block, offering lower insurance costs and minimal long-term maintenance.
  • New roofs, windows, stairways, parking lot, and landscaping already completed — no cap-ex required at acquisition.
  • All 20 units fully renovated with granite counters, stainless appliances, vinyl plank floors, and new windows.
  • Currently 95% occupied with a track record of 100% occupancy, reflecting deep and consistent renter demand.
  • Located in Carrollwood minutes from USF, AdventHealth, Dale Mabry retail, and 94,000+ jobs in the Westshore district.
  • Situated 3 miles from the proposed $2.3B Rays Stadium District, targeting a 2029 opening with $34B in projected economic impact.

OVERVIEW

CBRE is pleased to present Lois Apartments, a recently renovated, 20-unit concrete block community at 8412–8420 N Lois Avenue in Tampa's established Carrollwood corridor, offering investors a turnkey asset in one of Tampa Bay's most durable rental markets. Constructed in 1981 of solid concrete block, the property has undergone a comprehensive, top-to-bottom renovation under current ownership. Comprised entirely of spacious two-bedroom floorplans, the unit mix appeals to a broad base of roommates, small families, and value-conscious renters at attainable workforce rents. Interiors have been rebuilt with granite countertops, stainless steel appliances, subway-tile baths, new vinyl plank flooring, updated lighting, fixtures, and paint, and in-unit laundry in the majority of units, while exterior capital includes new roofs, windows, finishes and paint, a new parking lot, and completed landscaping. The durable concrete block construction offers meaningful advantages in Florida's evolving insurance environment, including favorable underwriting treatment and reduced maintenance exposure, while the completed renovation minimizes near-term capital needs and supports renovated-rent premiums on a stabilized resident base. In established Carrollwood, the property sits roughly nine miles from downtown Tampa and 16 minutes from Tampa International Airport, with immediate access to the Dale Mabry retail corridor, AdventHealth Carrollwood, and the University of South Florida. A deep base of healthcare, education, and service employment, paired with median household income near $77,000, supports consistent rental demand. With its solid concrete block construction, completed value-add renovation, and position in one of Tampa Bay's most resilient workforce-housing submarkets, Lois Apartments represents a compelling opportunity for investors seeking stable cash flow with limited near-term capital needs."

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lois Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

RMC-16

APN/PARCEL ID

U-21-28-18-14M-000001-00001.0,U-21-28-18-14M-000001-00002.0,U-21-28-18-14M-000001-00003.0,U-21-28-18-14M-000001-00004.0,U-21-28-18-14M-000001-00005.0

ASK ABOUT THIS PROPERTY

813-521-6349

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

813-521-6349

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