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Apartments For Sale • 4,350 SF
| 9-Unit Partially Renovated Apartment Community Located in the Highly Desirable Tampa Heights Neighborhood in Tampa, FL |
| Average Monthly Rental Upside of $183 Per Unit (or ~$20k/year) Based on Comparable Properties in the Market |
| Additional Income Streams Can Be Introduced by Charging for the Existing Community Laundry, Boosting the Utility Bill Back System for Water/Sewer,etc. |
| Value-Add Opportunity to Improve the Exterior of the Property to Increase Curb Appeal (ex: Roof, Building Siding, Paint, Landscaping) |
| Recent Capex of $92K Upgrades Include Replumbing & Rewiring, New Concrete Parking Lot, Community Washing Machines, Tankless Water Heaters |
| Additional Capex of $122K to Individual Units Include New Framing/Drywall/Paint, Minisplit HVAC Units, New Appliances, White Shaker Cabinets, Flooring |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Tampa (Silver Star - Amtrak) | 4 min | - | 1.5 mi |
| Airport | Drive | Walk | Distance |
| Tampa International | 15 min | - | 7.1 mi |
| St Pete-Clearwater International | 34 min | - | 18.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 9 |
| Type: | Surface |
| Included in Rent: | Yes |
Cary Brown
Franklin Street
Cary Brown
Franklin Street
