This Multifamily Property is Off-Market.

305 W Grant Street
Plant City, FL 33563 ·

44 Units · Multifamily For Sale

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Walden Landing Apartment Homes

Price N/A Gross Rent Multiplier 6.50
No. Units 44 Occupancy 95%
Building Size 43,000 SF No. Stories 2
Property Type Multifamily Year Built 1986
Property Sub-type Garden/Low-Rise Lot Size 2.50 AC
Property Use Type Investment Parking Ratio 88 / 1,000 SF
Commission Split 3.5%
Listing ID: 15276527 Date Created: 08/07/2007 Last Updated: 09/15/2011

Description

New roofs on all bldgs will be installed PRIOR to sale. Property appraised in April 2011 for $2,350,000. Owneship has invested $250k since 2005. Excellent location & excellent price for quick sale. Loan is assumable.

Excellent corner location w/ oustanding visability/ traffic. 95% + occupied. Leasing office on-site, Laundry Room on-site. New Hills Cnty Charter School opened 2009 adjacent to property adds tremendous traffic/ interest from parents/ faculty

FL Strawberry Festival & Historic Downtown, see also: and:

44 Units total, (16) 1/1's, (16) 2/2's, and (12) 3/2's. W/D hook ups, balconies, patios, vaulted ceilings in upper 2's, dishwashers, walk in closets. Large pool. Too many improvements to list. Many unit interiors upgraded since 2005, new carpeting, upgraded appliances, lighting, fixtures, etc. Exterior painting, lighting, vinyl fencing, office, and many, many other upgrades.

Walden Landing competes w/ only (4) other comperable rental communities in area. Current rent structures are 10-15% below other communities, so immediate increases are expected.

25 minutes to Tampa Int'l airport. 10 mintues to Lakeland, Brandon, Valrico. 45min to Orlando From Int 4, EXIT ALEXANDER ONLY and drive 2 miles, turn left on Grant Street. Proceed 1 mile to corner of Grant & Evers. "SALE IS CONFIDENTIAL & MUST HAVE PERMISSION TO ENTER"

Highlights

  • Excellent Location
  • Good Unit Mix
  • Upgraded since 2005
  • Located on major corner
  • Upside in Rents
  • Excellent Residents

Research

305 W Grant Street, Plant City, FL 33563 (Hillsborough County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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