8413 N Hamner Ave - Apartments FOR SALE


Tampa, FL 33604- Lowry Park
$995,000 USD
727-410-2896
8413 N Hamner Ave, Tampa, FL for Sale
$995,000 USD
Apartments - FOR SALE
1/32
null | 8.35% Cap Rate

8413 N Hamner Ave
Tampa, FL 33604
Lowry Park


HIGHLIGHTS

  • Fully occupied 10-unit multifamily property with consistent collections and immediate in-place income
  • Unit mix: (1) 2BR/1BA, (1) 1BR/1BA, (8) studios with kitchens & baths
  • Majority of units updated — limits near-term capital expenditure requirements
  • Combination of metal and shingle roofs; central air, mini-split, and wall/window units
  • Opportunity to increase NOI through management efficiencies, ancillary income (laundry), and gradual rent alignment
  • Leak detection systems and mixed roofing/HVAC systems in place to help mitigate operational risk

OVERVIEW

KW Commercial Tampa Properties is pleased to present 8413 N. Hamner Ave, Tampa, FL 33610 (the “Property”), a 10-unit multifamily investment offering immediate income with the opportunity for operational and rental growth. The asset currently produces an in-place NOI of $83,099 and is fully occupied. The property benefits from consistent collections and a diverse tenant base, while still allowing a new owner the ability to gradually optimize operations and increase income over time. Unit Mix • (1) Two-bedroom / one-bath main home (includes whole-house water filtration system) • (1) One-bedroom / one-bath attached unit • (8) Studio units — each with private kitchen and bathroom Investment Highlights • High occupancy with proven rental demand in central Tampa • Majority of units updated, limiting near-term renovation risk • Multiple building systems including metal and shingle roofs and a combination of central air, mini-splits, and wall units • Leak detection systems installed throughout units for operational risk mitigation • Ability to improve income through management efficiencies, rent alignment over time, and additional ancillary income (e.g., on-site laundry) The studio-heavy configuration serves Tampa’s workforce housing demand and has historically maintained strong occupancy. For investors seeking a property with current cash flow and a clear path to incremental NOI growth rather than a heavy renovation project, the Property provides a balanced entry into the Tampa multifamily market.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

10

PRICE/UNIT

$99,500

CAP RATE

8.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Unit Multi-Family Investment Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RS-60

APN/PARCEL ID

A-24-28-18-3EO-000003-00033.0

ASK ABOUT THIS PROPERTY

Alex Lucke, CCIMKW Commercial Tampa PropertiesMore Info
727-410-2896

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Alex Lucke, CCIMKW Commercial Tampa PropertiesMore Info
727-410-2896

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