1909 137Th AveTampa, FL 33613

Property Details for 1909 137Th Ave

Lot size

5.09 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 73-unit multifamily portfolio situated on 5.09 acres in Tampa, Florida. Comprising 32 buildings, this property boasts a substantial 48,712 square feet of net rentable space. Currently generating a Net Operating Income (NOI) of $552,039, representing a 5.97% capitalization rate, this portfolio offers significant upside potential. Pro-forma projections indicate a potential NOI of $814,431, resulting in an 8.23% capitalization rate, achievable through planned interior and common area improvements. The property benefits from an assumable mortgage with a 4.75% interest rate. Located just two miles from the burgeoning RITHM @ Uptown development—a $1 billion innovation community—and within close proximity to the University of South Florida, AdventHealth Hospital Tampa, Haley VA Medical Center, and Moffitt Cancer Center, this portfolio enjoys an enviable location. Convenient access to I-275 provides easy commutes to Downtown Tampa, the Westshore Business District, St. Petersburg, and Clearwater. The asking price for this remarkable investment is $9,250,000. The property's address is 1909 E 137th Ave, Tampa, FL 33613, and its APN numbers are U-07-28-19-1GN-D00000-00004.1, U-07-28-19-1GN-D00000-00004.2, U-07-28-19-1GN-D00000-00004.2, U-07-28-19-1GN-D00000-00004.7, U-06-28-19-1GH-000006-00005.0, U-06-28-19-1GH-000006-00007.0, U-06-28-19-1GH-000007-00002.0, U-06-28-19-1GH-000007-00004.0 U-06-28-19-1GH-000007-00007.0, U-06-28-19-1GH-000007-00007.A, U-06-28-19-1GH-000007-00007.D, U-06-28-19-1GH-000007-00007.C, U-06-28-19-1GJ-000005-00004.0. Detailed financial information is available upon request.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0713

Longitude

-82.4381

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