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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

Multifamily

1808-1826 East 138th Avenue

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.

Exclusively Listed By

Financing By

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