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2111 W North B St
Tampa, FL 33606 North Hyde Park

$1,175,000 USD

Specialty For Sale • 1,458 SF

Property Details

Property Type Specialty
Total Building Size 5,865 SF
Lot Size 0.1 AC
Building Class C
Year Built 1965
Zoning RM-16

35 Transit Score

90 Walk Score

                
                    Highlights
                
                                5-MULTIFAMILY UNITS IN SOUTH TAMPA!
                            
                                THE PROPERTY IS LOCATED IN THE HIGHLY SOUGHT AFTER SOHO DISTRICT IN SOUTH TAMPA!
                            
                                8.2% CAP RATE IN 2026!  10% CASH-ON-CASH RETURN IN 2026! 9% CAP RATE IN 2027!  14% CASH-ON-CASH RETURN IN 2027!
                            
                                SEVERLY UNDERMARKET RENTAL RATES CURRENTLY IN PLACE WITH MANY LONGTERM TENANTS.
                            
                                OVER HALF OF THE TENANTS ARE CURRENTLY MONTH-TO-MONTH, ALLOWING THE BUYER TO RAISE RENTAL RATES INSTANTLY! 
                            
                                5-MULTIFAMILY UNITS AND ACCESS TO PURCHASE THE ADDITIONAL VACANT LOT NEXT DOOR.  THE VACANT LOT IS ZONED FOR RESIDENTIAL DEVELOPMENT!

Property Flyers

8.2% CAP RATE WESTLAND GARDENS APARTMENTS FOR SALE!

Amenities

Air Conditioning
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tampa (Silver Star - Amtrak)	6 min	-	2.4 mi
Airport	Drive	Walk	Distance
Tampa International	12 min	-	7.1 mi
St Pete-Clearwater International	30 min	-	16.3 mi

David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.

2111 W North B St Tampa, FL 33606 North Hyde Park