For Sale
$455,000

911 Waters Ave Tampa, FL 33604

Seven-unit apartment building, prime Tampa location.

Overview

Added:
Dec 11, 2024
Days on market:
135
This fully occupied, seven-unit apartment building at 911 W Waters Ave, Tampa, FL 33604, presents a compelling investment opportunity with immediate rental income. The property comprises seven one-bedroom, one-bathroom units. Its Commercial General (CG) zoning allows for versatile future development or mixed-use potential. Strategically located along major highways I-275 and US-41, it boasts high visibility and convenient access for tenants. Proximity to the Hillsborough Ave & Rome Ave bus stop enhances tenant convenience. The property's location near significant employers, including AdventHealth Tampa, the University of South Florida, and Tampa International Airport, contributes to strong tenant retention. Ample on-site parking is available. The property's position along a busy road offers high traffic exposure, beneficial for potential commercial tenants. This property is ideal for investors seeking to capitalize on Tampa's thriving rental market and benefit from the zoning's potential for future value-add opportunities. The asking price is $455,000. The property is scheduled for a walkthrough on November 19, 2024, and an auction on December 3, 2024, with a 5% buyer premium. The buyer is responsible for closing costs.

Highlights

  • Fully occupied 7-unit multifamily property generating immediate income; five 1-bedroom/1-bath units, plus two convertible units.
  • Commercial General (CG) zoning allows for diverse uses and future development potential.
  • Excellent location with high visibility on I-275 and US-41, providing easy tenant access.
  • Convenient to public transportation (Hillsborough Ave & Rome Ave bus stop).
  • Near major employers (AdventHealth Tampa, University of South Florida, Tampa International Airport), boosting tenant retention.
  • Strong value-add potential in Tampa's thriving rental market.

Property Details for 911 Waters Ave

Property type
Apartment buildings
Units
7

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0256426
Longitude
-82.4682948

FAQs

What type of property is this?
Apartment building - Seven-unit apartment building, prime Tampa location.
Where is the apartment building located?
The property is located at 911 Waters Ave Tampa, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Fully occupied 7-unit multifamily property generating immediate income; five 1-bedroom/1-bath units, plus two convertible units.; Commercial General (CG) zoning allows for diverse uses and future development potential.; Excellent location with high visibility on I-275 and US-41, providing easy tenant access.
How can I contact the broker?
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911 Waters Ave
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