610 Horatio St Tampa, FL 33606

This exceptional 14-unit apartment building presents a compelling value-add investment opportunity in Tampa's desirable Hyde Park Historic District. The property, boasting 5,126 net rentable square feet, is currently 100% occupied, generating a pro-forma NOI of $144,915 and a 4.91% cap rate. Built in 1974 and extensively renovated between 2015 and 2018 ($191K/SF investment), the property features a mix of studio and one-bedroom units, offering potential for further unit upgrades and rent increases. The $2,950,000 asking price equates to $210,714 per unit. On-site amenities include a picnic area, mail center, outdoor lounge area, and a fully gated perimeter. The property's prime location, minutes from downtown Tampa, Hyde Park Village, and Bayshore Boulevard, ensures high tenant demand within a rapidly growing market. The Tampa MSA's projected population growth is 2.5 times the national average over the next five years, promising continued strong rental rate growth. The building consists of one, two-story structure situated on a lot with APN A-24-29-18-4ZX-000011-00001.2, located at 610 W Horatio St, Tampa, FL 33606. Seller financing is available. This property offers a unique blend of historical charm and modern upgrades, making it an ideal investment for discerning buyers seeking strong returns in a thriving market. The 100% occupancy date is September 24, 2024.