9.33% Cap Rate! 10 Unit Apt. Bldg w/Auto Sales Lot
1772 W. Hillsborough Ave.
Tampa, FL 33603
| Price: |
$850,000 |
| CAP Rate: |
9.33% |
| Building Size: |
8,579 SF |
| Approx Lot Size: |
20016.00 Acre(s) |
| Year Built: |
1984 |
Net Lease
Investment: |
Yes |
| Existing Debt: |
Yes |
| Property On Ground Lease: |
No |
| 1031 Exchanges Acceptable: |
Yes |
Property Features- High Traffic Area
- Residential Units renovated
- Commercial Unit for Car Sales Lot
- Mixed Use Commercial/ Residential
- Near schools, bus stop, shopping, major roads
- great cap rate
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Property Description
Great Investment Opportunity!!! 9.33% Cap Rate with excellent upside potential.
This Centrally located offering consists of (9) 2 br/1 ba apartment units, (1) office(used for commercial auto sales business) and a fully fenced auto sales lot. Nine out of the ten units have recently undergone substantial renovations, with new bathrooms, kitchens , tile flooring, ceilings, doors, appliances, windows, etc, a few even have stackable washer and dryers, and most of the units have had the central A/C and dishwashers replaced within the last 3 years. The roof was recoated about 3 years ago and the parking lot and commercial auto sales lot have recently been resurfaced.
All of the units are seperately metered for electric!!!!
The commercial Auto sales lot has 2 of 3 years left on it's lease.
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