Cigar City Flats is a 9 unit renovated apartment community located in the highly desirable Tampa Heights neighborhood of Tampa, FL. The property has seen extensive recent upgrades at both the community and unit level, including major system improvements and modern interior renovations with updated cabinetry, flooring, appliances, and HVAC systems.
The asset offers clear rental upside based on comparable properties in the area, along with additional income opportunities through laundry, utility bill backs, and parking. There is also potential to further enhance curb appeal with exterior improvements. Cigar City Flats is surrounded by some of Tampa’s top destinations including Armature Works, the Tampa Riverwalk, the Straz Center, and Benchmark International Arena, and is just a short drive to Water Street and Gasworx in Ybor City. With nearby parks and immediate access to I 275, the property is well positioned for continued demand and long-term growth.