911 E 23rd Ave - Apartments FOR SALE


Tampa, FL 33605- Ybor
$1,050,000 USD
813-335-1976
911 E 23rd Ave, Tampa, FL for Sale
$1,050,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

911 E 23rd Ave
Tampa, FL 33605
Ybor


HIGHLIGHTS

  • 9-Unit Renovated Apartment Community Located in the Highly Desirable Tampa Heights Neighborhood in Tampa, FL
  • Average Monthly Rental Upside of $119 Per Unit Based on Comparable Properties in the Market
  • Value-Add Opportunity to Improve the Exterior of the Property to Increase Curb Appeal (ex: Roof, Building Siding, Paint, Landscaping)
  • Nearby Attractions Include Armature Works, Tampa Riverwalk, the Straz Center, Benchmark International Arena, and Much More
  • Neighborhood Amenities Include Cuscaden Park and Robles Park Which Provide Pickleball Courts, Basketball Courts, Water Views, and Walking Trails
  • Immediate Proximity to I-275 Provides Ease of Transportation Around Tampa and the Surrounding Region

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

9

PRICE/UNIT

$116,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cigar City Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RS-50

APN/PARCEL ID

A-07-29-19-4UQ-000001-00003.0

ASK ABOUT THIS PROPERTY

Eve LowryFranklin StreetMore Info
813-335-1976

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Eve LowryFranklin StreetMore Info
813-335-1976

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