$4,052,000

About This Property

A 34-unit, 5-building garden-style community on 1.78 acres in one of West Tampa's tightest-fundamental submarkets, minutes from Tampa International Airport and the Veterans Expressway. Built in 1983 and 94% occupied, this is a small-bay multifamily asset with real, in-place rent upside — not a pro forma story. The math: in-place 1-bedroom rents run $925 to $1,250 against a $1,144 average, and every point of that spread closes with routine turnover and light unit-level work — flooring's already been swapped in multiple units (9/2025, 11/2025), and a water heater replaced as recently as 7/2025. Electric is individually metered per unit, keeping the expense line clean; water runs on a single master meter. Offered at $4,052,000 — $119,176 per unit — against a 6.5% cap rate on 2026 annualized NOI of $263,384. Low density, low deferred maintenance, and a rent roll with room to run.

infoProperty Details

Property Type

Multi Family (5+)

Year Built

1983

Living Area

18,277 sqft

Lot Size

1.78 acres

Bathrooms

0

Ownership

Fee Simple

Days on Market

0

List Date

Sep 21, 2026

chairInterior Features

yardExterior & Lot

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Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

REALTY ONE GROUP ADVANTAGE

813-909-0909