12703 N 15th St is a unique opportunity to own a stabilized 8 unit multi-family apartment complex in the rapidly growing university area of Tampa with substantial room for growth. With great proximity to USF, 12703 N 15th St is less than 1 miles from Universities Urban Core. Ownership spent over 200k in CapEx including new roofs, exterior paint, landscaping, paved parking lot, separate water meters shared grass area. Interior renovations include new luxury vinyl flooring, shaker cabinets, quartz countertops, stainless steel appliances and in-unit laundry. Current Rent Roll: $13,369.27 Unit Mix: 1/1 - 2 2/1 - 4 3/1 - 1 3/2 - 1 New owner has the ability to recapture an average of $263/month unit - increasing the the total rent roll by $25,248 Enjoy a strong cashflow right from the start and let the property appreciate.
Financial Considerations
Price:
$1,395,000
HOA Fee:
N/A
Tax Amount:
$11276.08
Price per SqFt:
$433.23
Tax Legal Description:
E 123 FT OF W 153 FT OF N 150 FT OF S 180 FT OF SW 1/4 OF NE 1/4
Exterior Features
Lot Size:
18788
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
16
Bathrooms:
9
Heating:
Central, Ductless
Cooling:
Central Air, Mini-Split Unit(s), Wall/Window Unit(s)