The Heights and Hall Portfolio presents a compelling sale-leaseback investment opportunity in Tampa, FL, offering an attractive 9% cap rate over a secure 2-year lease term. The 18-unit portfolio—spread across two well-maintained properties just 15 minutes apart—currently serves as housing for My Learning Alliance, a veteran education program dedicated to supporting those who served. During the lease term, the buyer will only be responsible for taxes and insurance, allowing for a hands-off, income-generating asset from day one.
Constructed in the 1980s with durable concrete block, both properties feature exclusively 2-bedroom floorplans averaging 850 square feet, each equipped with in-unit washers and dryers. Extensive capital improvements have been completed, including new roofs, windows, HVAC systems, vinyl flooring, and updated exteriors. Upon lease expiration, the portfolio offers the potential for a 7% stabilized cap rate when transitioned to market-rate rentals—positioning the Heights and Hall Portfolio as both a strong short-term income play and a valuable long-term asset in a growing Tampa market.