For Sale
$1,000,000

505 Caracas St Tampa, FL 33603

Historic Tampa apartment building, four units.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a charming four-unit apartment building located at 505 E Caracas St, Tampa, FL 33603, in Hillsborough County. Built in 1920, this property boasts a total of 3,640 square feet and offers a compelling price point of $1,000,000. Each of the four units is priced at $250,000, representing a strong value proposition for investors seeking a multifamily asset in a desirable Tampa location. The property's price per square foot is $275, reflecting its potential for appreciation and strong rental income. The building's historical character provides unique charm and appeal to tenants, while its location within Tampa offers convenient access to local amenities, businesses, and transportation networks. This is an excellent opportunity to acquire a well-positioned multifamily property with significant upside potential in a thriving Florida market. The property's solid construction and established tenancy make it an attractive investment for both seasoned and new investors seeking a stable and potentially lucrative addition to their portfolio. Detailed financial information and property reports are available upon request. This is a rare chance to own a piece of Tampa's history and secure a promising future in the real estate market.

Highlights

  • Asking Price: $275 per square foot
  • Asking Price: $250,000 per unit
  • Four Units Total
  • 3,640 Gross Square Feet
  • Built in 1920
  • Multifamily Apartment Building

Property Details for 505 Caracas St

Property type
Apartment buildings
Square Feet
3,640 SF
Year Built
1920
Units
4

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.9917325
Longitude
-82.4546713

FAQs

What type of property is this?
Apartment building - Historic Tampa apartment building, four units.
Where is the apartment building located?
The property is located at 505 Caracas St Tampa, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Asking Price: $275 per square foot; Asking Price: $250,000 per unit; Four Units Total
How can I contact the broker?
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505 Caracas St
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