4011 Columbus DrTampa, FL 33605

Property Details for 4011 Columbus Dr

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.50 AC

Property size (Sq ft)

58,680 SF

Zone code

IG

Property type

Hotels

APN

A1629194CZ000017000001

APU

A1629194CZ000017000001

Description

This exceptional 116-unit multifamily investment property, located at 4011 E Columbus Dr, Tampa, FL 33605, presents a compelling opportunity. The two-story building, constructed of concrete block and brick with a concrete second floor, boasts 288 sq ft studio apartments. A brand-new roof was installed in 2024. Currently undergoing renovations, the property will be fully renovated upon closing. The property sits on a sizable lot with potential for expansion; zoning permits allow for daily, weekly, monthly, or yearly rentals. A pro forma projection, based on a weekly rental rate of $350 per unit, estimates a gross yearly income of $2,111,200. Yearly operating expenses are projected at $844,480, resulting in a net income of $1,266,720. The potential for additional units (approximately 100) on the existing land significantly enhances the long-term investment value. This property is priced at $9,000,000 and offers a strong return on investment. The Hillsborough County location provides excellent access to Tampa's vibrant economy and amenities. This is a rare opportunity to acquire a well-positioned, income-generating asset with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $13,760,272

  6.5%

  $12,701,789

  7%

  $11,794,519

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,184,312

  Geo Method

  $25,184,312

• Alternative Use

  Use

  Valuation

  Residential

  $13,866,663

  Hospitality

  $12,701,789

  Educational

  $10,567,740

  Medical

  $10,931,180

  Retail

  $16,438,706

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9663

Longitude

-82.4127

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].