This Tampa Bay Investment Property is currently Off-Market.
Contact us for other Commercial Properties opportunities in Florida.
San Juan Villas
3311 West San Juan Street, Tampa, Florida 33629
- Price:
- $1,150,000
- No. Units:
- 8
- Building Size:
- 4,300 SF
- Price/Unit:
- $143,750
- Property Type:
- Multifamily
- Property Sub-type:
- Garden – Low-Rise
- Property Use Type:
- Investment
- Cap Rate:
- 5.84%
- Highlights Multifamily Apartment Building For Sale
- Located in South Tampa Within Walking Distance of the Beautiful Bayshore Boulevard
- Value Add Opportunity to Increase Rents $200 – $300
- Amenities Include On-Site Laundry Facility, Private Patios or Balconies, and Carports
- Located Within Minutes of Downtown Tampa, Hyde Park Village, Tampa General Hospital and the Westshore Business District
- Updated Electrical and Plumbing Throughout Both Buildings
Description of the Multifamily Investment Property
This investment is the San Juan Villas, which is an 8-unit multifamily property. The Florida Commercial Real Estate is located in the fantastic city of Tampa, Florida. Tamps sits in Hillsborough County. The property consists of (2) two-story residential buildings. The residential buildings are comprised of (4) one-bedroom – one-bathroom units with 535 rentable square feet and (4) one-bedroom – one-bathroom units with 540 rentable square feet. All of these rental units have central heating and air-conditioning and the buildings sit on a 0.23 +/- acre parcel of land. Residents are responsible for water, sewer, trash, electric, cable, internet and telephone. Amenities include an on-site laundry facility, private patios, car port parking and off-street parking.
San Juan Villas is exceptionally positioned in South Tampa on West San Juan Avenue just a few blocks west of the beautiful Bayshore Boulevard. This area experiences daily traffic counts of 37,000. Bayshore Boulevard is a 10-mile linear waterfront park which provides passage along Hillsborough Bay directly to Downtown Tampa and is a feature landmark within the Tampa Bay Area. Locals utilize the scenic sidewalk that runs alongside the Hillsborough bay for exercise activities and leisure walks. Directly west of the property is the Lee Roy Selmon Expressway which provides convenient access throughout the Tampa Bay Area. The Lee Roy Selmon Expressway runs south through South Tampa and connects to Gandy Boulevard, Gandy Boulevard then stretches across the Bay connecting Pinellas and Hillsborough County. To the north the Lee Roy Selmon Expressway extends through Downtown Tampa and connects to Interstate 75 in Brandon. Downtown Tampa employs more than 55,000 people along with 18 skyscraping office buildings.
Financial Summary
-
$67,160
Unit Mix Information
| Description | No. Units | Avg. Mo. Rent | Sq. Ft. |
|---|---|---|---|
| 1×1 | 4 | $1,050 | 535 |
| 1×1 | 4 | $1,095 | 540 |
3311 West San Juan Street, Tampa, FL 33629 (Hillsborough County)
Listing Courtesy of Marcus & Millichap
Disclaimer: “Information believed to be accurate, not warranted”