3418 North A StTampa, FL 33609

This Tampa, Florida apartment complex presents a compelling value-add investment opportunity. The property, located at 3418 W North A St, 33609, is a two-story, 13,110 square foot building constructed in 1970. It features 22 fully furnished one-bedroom, one-bathroom units, each with its own washer and dryer. Currently operating at 100% occupancy, the property boasts a strong Net Operating Income (NOI) of $339,114, resulting in a 5.66% cap rate. The asking price is $5,990,000, translating to $456.90 per square foot and $272,272.73 per unit. Situated in Hillsborough County, this Class C multifamily property enjoys a prime location near Downtown Tampa, offering easy access to I-275 and major attractions including Tampa General Hospital, Tampa International Airport, MacDill AFB, Raymond James Stadium, and various shopping and entertainment districts. The concrete construction ensures durability, and the property benefits from 24/7 security surveillance and high-speed internet/cable access. Significant value-add potential exists to further enhance the NOI and property value. The property is ideally suited for short-term or long-term rentals, corporate housing, or those seeking a convenient urban lifestyle.