Multifamily
Pinecrest Villas
13609 N 20th St, Tampa, FL 33613
Listing Price: $4,600,000
Cap Rate
5.61%
Number of Units
33
Price/Unit
$139,394
Price/Gross SF
$242.74
Gross SF
18,950
Investment Overview
33-unit multifamily community in Tampa, FL
Pinecrest Villas
Investment Highlights
- 1 mile from RITHM @ Uptown; This groundbreaking $1 Billion project will be one the largest innovation communities in the state boasting 7 million square feet of development
- 33-unit multifamily community in Tampa, FL
- Nearly $300 of potential upside, via continued unit renovations
- Favorable financing available with a 6.78% year-one cash-on-cash return and 9.99% year-three cash-on-cash return
- Attractive unit mix of 42% two bedroom units
- Seller recently completed significant capital improvements including converting the property from well to city water
- 1 mile from University of South Florida
- 1.2 miles from I-275 allowing convenient access to employment and entertainment throughout Tampa
Listing Price: $4,600,000
Cap Rate
5.61%
Number of Units
33
Price/Unit
$139,394
Price/Gross SF
$242.74
Gross SF
18,950
Investment Highlights
- 1 mile from RITHM @ Uptown; This groundbreaking $1 Billion project will be one the largest innovation communities in the state boasting 7 million square feet of development
- 33-unit multifamily community in Tampa, FL
- Nearly $300 of potential upside, via continued unit renovations
- Favorable financing available with a 6.78% year-one cash-on-cash return and 9.99% year-three cash-on-cash return
- Attractive unit mix of 42% two bedroom units
- Seller recently completed significant capital improvements including converting the property from well to city water
- 1 mile from University of South Florida
- 1.2 miles from I-275 allowing convenient access to employment and entertainment throughout Tampa
Investment Overview
33-unit multifamily community in Tampa, FL
