Heights & Hall Portfolio Multi-Family FOR SALE


Tampa, FL - Wellswood
$3,120,000 USD
813-559-2015
, Tampa, FL for Sale
$3,120,000 USD
Multi-Family - FOR SALE
1/16
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Heights & Hall Portfolio
Tampa, FL
Wellswood


HIGHLIGHTS

  • Sale Leaseback Opportunity at 9% Cap Rate for 2 Year Lease Term
  • Buyer will Only be Responsible for Tax and Insurance Expenses During the Lease Term
  • Upon Lease Expiration, Buyer Can Anticipate a 7% Cap Rate After Stabilizing as Market-Rate Apartments
  • 18 Units Across 2 Properties in Tampa, Just 15 Minutes Apart
  • 100% 2-Bedroom Floorplans Averaging 850 SF with Washers & Dryers in All Units
  • Apartments Operate as Housing for a Veteran Education Program called My Learning Alliance (https://www.mylearningalliance.com/)

OVERVIEW

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.

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813-559-2015

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Cary BrownFranklin StreetMore Info
813-559-2015

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