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Wednesday, June 28, 2017

Multifamily Investment Property in Tampa - Hillsborough County

 

These Tampa Bay Apartments are Off-Market. 

Contact us for similar Commercial Properties For Sale in Florida. 

O’Reilly Commercial Realty LLC 

Patrick O’Reilly 

Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com

4201 West North A Street Tampa, FL - Apartment Building SOLD

SOLD -Westshore Gardens Apartment Building

Price $1,300,000 estimate Property Sub-type Garden - Low-Rise
No. Units 14 Property Use Type Investment
Building Size 10,100 SF Cap Rate 7.5% estimate
Price per Unit $92,857 estimate Year Built 1925
Property Type Multifamily

Description of Tampa Florida Multifamily Property Listing

Westshore Gardens Apartments is a 14-unit multifamily community located in Tampa, Florida which is in Hillsborough County. The investment property consists of one, two-story residential building. The building is comprised of (14) two-bedroom/one-bathroom units with 750-900 rentable square feet. Amenities include an on-site laundry facility.

The property sits on an 0.33 +/- acre parcel of land and all of the units have individual air-conditioning. Water, sewer, trash and pest control are included in the rent. Residents are responsible for their own electric, gas, cable and telephone. The interior of the units were upgraded with hardwood flooring, marble countertops, beautiful stainless steel appliances and modern light fixtures. The apartment building which is for sale was repainted and the majority of the individual air-conditioning units were replaced. Westshore Gardens Apartments is located on North A Street and North Lois Avenue. North Lois Avenue runs directly into major Tampa employers including T. Rowe Price and Price Waterhouse Coopers just 5 minutes to the north.

North Lois Avenue also ends at International Plaza and Bay Street also just 5 minutes north. Westshore Gardens is also just one block from Kennedy Boulevard. Kennedy Boulevard is a major retail corridor in Tampa, which provides convenient access to Westshore Plaza to the west and University of Tampa, Hyde Park and Downtown Tampa to the east. Just 2 minutes to the east of Westshore Gardens is Dale Mabry Highway.

Dale Mabry Highway is a major north - south highway that has a few nationally recognized items of interest, including Raymond James Stadium home of the Tampa Bay Buccaneers and George M. Steinbrenner Field, home of the New York Yankees spring training camp. Dale Mabry also provides access to the MacDill Air Force Base and Interstate 275, a major north - south interstate which provides easy access to downtown Tampa, the Tampa International Airport, all business centers and other points of interest in the Tampa Bay Area.

Highlights of Multifamily Investment Propert

  • Spacious Two-Bedroom/One- Bathroom Units Ranging from 750-900 Rentable Square Feet
  • Upgraded Unit Interiors with Hardwood Flooring, Stainless Steel Appliances, Marble Countertops and Hardwood Cabinetry
  • Located within Westshore Business District with Over 100,000 Employees
  • Close Proximity to Interstate 275 and Veteran's Expressway
  • Easy Access to Downtown Tampa, Hyde Park and Tampa International Airport
  • Within a Twenty Minute Commute of the Gateway and Carillon Business Districts

Financial Summary for the Tampa Listing - estimated when sold

Net Operating Income $98,000 Estimated

4201 West North A Street, Tampa, Florida 33609 (Hillsborough County)

Listing information was courtesy of Marcus & Millichap. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.

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