Multifamily
1808-1826 East 138th Avenue
1808 E 138th Ave, Tampa, FL 33613
Listing Price: $2,200,000
Cap Rate
5.89%
GRM
11.35
Investment Overview
12-unit multifamily community in Tampa, FL with an attractive unit mix of majority two-bedroom units and a three-bedroom unit.
Investment Highlights
- 12-unit multifamily community in Tampa, FL
- Attractive unit mix of majority two-bedroom units and a three-bedroom unit
- Significant proven upside potential with a 32.55% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements
- Extensive renovations including new roofs, HVACs and electrical panels
- Seven units fully remodeled
- 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 opened Sprouts Farmers Market
- Approximately two miles to University of South Florida, AdventHealth Hospital Tampa, Haley VA Medical Center, and Moffitt Cancer Center
- 1.3 miles to I-275, offering convenient access to Downtown Tampa, Westshore Business District, St. Petersburg and Clearwater
Exclusively Listed By
Financing By
Investment Highlights
- 12-unit multifamily community in Tampa, FL
- Attractive unit mix of majority two-bedroom units and a three-bedroom unit
- Significant proven upside potential with a 32.55% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements
- Extensive renovations including new roofs, HVACs and electrical panels
- Seven units fully remodeled
- 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 opened Sprouts Farmers Market
- Approximately two miles to University of South Florida, AdventHealth Hospital Tampa, Haley VA Medical Center, and Moffitt Cancer Center
- 1.3 miles to I-275, offering convenient access to Downtown Tampa, Westshore Business District, St. Petersburg and Clearwater
Investment Overview
12-unit multifamily community in Tampa, FL with an attractive unit mix of majority two-bedroom units and a three-bedroom unit.