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Multifamily

Columbia Park Apartments

14309 N 18th St, Tampa, FL 33613

Listing Price: $4,750,000

Cap Rate
6.30%
GRM
9.90

Investment Overview

24-unit multifamily community in Tampa, FL. Highly sought-after unit mix of 100% three-bedroom, two-bathroom units.

Investment Highlights

  • 24-unit multifamily community in Tampa, FL
  • Highly sought-after unit mix of 100% three-bedroom, two-bathroom units
  • 2004 concrete block construction
  • 20 units recently renovated with granite or quartz countertops, undermount sinks, and wood-look vinyl plank flooring
  • Significant proven upside potential with a 13.4% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements
  • Available amenity space for pet park, playground, grilling area or other use
  • Two miles to RITHM @ Uptown – This groundbreaking $1 billion project will be one of the largest innovation communities in the state, boasting 7-million square feet of development and will include residential, retail, entertainment, corporate offices, hospitality and more, including recently announced Sprouts Farmers Market
  • Approximately two miles to University of South Florida, AdventHealth Hospital Tampa, Haley VA Medical Center, and Moffitt Cancer Center

Exclusively Listed By

Financing By

Multifamily

Columbia Park Apartments

Investment Highlights

  • 24-unit multifamily community in Tampa, FL
  • Highly sought-after unit mix of 100% three-bedroom, two-bathroom units
  • 2004 concrete block construction
  • 20 units recently renovated with granite or quartz countertops, undermount sinks, and wood-look vinyl plank flooring
  • Significant proven upside potential with a 13.4% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements
  • Available amenity space for pet park, playground, grilling area or other use
  • Two miles to RITHM @ Uptown – This groundbreaking $1 billion project will be one of the largest innovation communities in the state, boasting 7-million square feet of development and will include residential, retail, entertainment, corporate offices, hospitality and more, including recently announced Sprouts Farmers Market
  • Approximately two miles to University of South Florida, AdventHealth Hospital Tampa, Haley VA Medical Center, and Moffitt Cancer Center

Investment Overview

24-unit multifamily community in Tampa, FL. Highly sought-after unit mix of 100% three-bedroom, two-bathroom units.

Exclusively Listed By

Financing By

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