Park View Portfolio Multi-Family FOR SALE


Tampa, FL - Oak Grove
$13,000,000 USD
813-577-3837
, Tampa, FL for Sale
$13,000,000 USD
Multi-Family - FOR SALE
1/29
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Park View Portfolio
Tampa, FL
Oak Grove


HIGHLIGHTS

  • Concrete Block Construction Built in 1972, 1981, and 1983
  • Prime Value-Add Opportunity in a Great Location and Strong Unit Mix
  • 52% 2/Bed 1/Bath and 48% 1/Bed 1/Bath Units
  • Recent Capex Includes: Two of Three New Roofs (Parkview and Southview), All-New HVAC, All-New Stainless-Steel Appliances, & Light Interior Renovations
  • Central Tampa Positioning: Strategically Located Minutes from Downtown Tampa, Westshore Business District, and Tampa International Airport
  • Rapidly Growing Urban Neighborhoods: Positioned within Redeveloping and High- Demand Areas Including Seminole Heights and North Tampa

OVERVIEW

The Park View Portfolio is a three-property multifamily offering featuring durable concrete block construction built between 1972 and 1983 and a strong, well-balanced unit mix of 52% two-bedroom/one-bath and 48% one-bedroom/one-bath units. The portfolio is offered at a 5.83% takeover cap rate with adjusted taxes and has already seen meaningful capital improvements, including two of three new roofs, all-new HVAC systems, stainless-steel appliances, and light interior renovations—allowing a new owner to focus on executing the remaining value-add strategy. With average in-place rents of $1,378, the portfolio sits below the surrounding competitive set, providing a clear opportunity to increase rents to $1,500+ and achieve a projected 7.15%+ year-two cap rate. Centrally located in Tampa, the properties offer convenient access to Downtown, the Westshore Business District, and Tampa International Airport, along with major healthcare and educational employers. Proximity to established retail, dining, and rapidly redeveloping neighborhoods such as Seminole Heights and North Tampa further supports long-term renter demand and investment upside.

ASK ABOUT THIS PROPERTY

Mark SavareseFranklin StreetMore Info
813-577-3837

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Mark SavareseFranklin StreetMore Info
813-577-3837

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