609 Golden Raintree PlBrandon, FL 33510

Property Details for 609 Golden Raintree Pl

Year built

1986

Lot size

11.62 AC

Property size (Sq ft)

49,870 SF

Property type

Apartment buildings

Description

This exceptional 51-unit apartment building, "The Hamptons at Brandon," presents a compelling investment opportunity in the thriving Brandon, Florida market. Located at 609 Golden Raintree Pl, 33510, this Class B property boasts 49,870 square feet across two stories and 24 buildings situated on 11.62 acres. Built in 1986, the property features a mix of unit sizes: four one-bedroom/one-bath, forty two-bedroom/two-bath, and seven three-bedroom/two-bath units. Units average $133,333 each, with recent comparable sales reaching $190,000. The property offers substantial upside potential, with an asking price of $6,800,000 ($136.35/sq ft), a current cap rate of 6.26%, and a pro-forma cap rate of 8.48%. Residents enjoy extensive amenities, including two swimming pools, a clubhouse, fitness center, laundry facilities, recreation court, volleyball court, playground, and BBQ areas. The property benefits from its prime location near major employers, including Brandon Regional Hospital, Brandon Exchange and Regency Square Malls, The Estuary entertainment complex (employing 4,500), and Hillsborough Community College (nearly 47,000 students). Its proximity to I-75 and the Lee Roy Selmon Expressway ensures easy access to the greater Tampa Bay area. This property offers a strong investment with multiple exit strategies and significant potential for increased NOI. The large floor plans, full amenity package, and strategic location in a high-growth area make this a truly exceptional opportunity.

Location Insight

City

Brandon

County

Hillsborough

State

Florida

Latitude

27.9405

Longitude

-82.2917

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