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1309 E Sitka St
Tampa, FL 33604 Sulphur Springs

Price Upon Request

Apartments For Sale  •  2,880 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,880 SF
  • Lot Size 0.12 AC
  • Building Class C
  • Year Built 1924
  • Zoning RS-50
41 Transit Score
47 Walk Score

Highlights

Robust Value-Add Opportunity: Projected Year 1–2 CAP Rates of 10.04%–14.91% and Cash-on-Cash Returns of 12.31%–30.81%, Inclusive of Renovation Budget
Strategic Value-Add Renovation Budget Detailed in Offering Memorandum
Significant Foundation Repairs Completed: Including IntelliJack Leveling Systems, Supplemental Steel Beams, and Floor Joist Sistering
Critical Plumbing Updates Completed: Exterior Sewer Line Replaced, Drainage System Reinstalled w/ Proper Pitch, Replumbed Drains & Brought Up to Code
Renovated Interior Hallways & Stairs – Updated on Both Floors w/ New Flooring & Modern Fresh Paint
NON-Flood Zone location, drastically reducing insurance expenses | Newly Replaced Stairs on the Exterior of the Building & New Roof

Amenities

  • Vintage Building

Public Transportation

Commuter RailDriveWalkDistance
Tampa (Silver Star - Amtrak) 11 min - 5.8 mi
AirportDriveWalkDistance
Tampa International 21 min - 13.0 mi
St Pete-Clearwater International 38 min - 22.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes