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11708 Balm Riverview Rd 10 Unit Apartment Building $2,425,000 ($242,500/Unit) Riverview, FL 33569



Investment Highlights
- Updated duplex asset with strong rental appeal
- Owned water system with simplified salt-based maintenance
- Mix of occupied and ready-to-lease units for flexible investment strategy
- Recently replaced septic system offering long-term reliability
- Central Riverview location with quick access to major highways
Executive Summary
Rare opportunity to acquire a well-maintained and thoughtfully updated duplex property in one of Riverview’s most steadily growing residential corridors. Set within a quiet, clean environment, the property offers both immediate rental income and the flexibility to place new tenants quickly, depending on investor strategy. Several major capital improvements have already been completed, offering long-term operational stability and reducing near-term maintenance exposure.
The site features an owned water system that is simple to manage through salt treatment, ensuring controlled utility oversight and predictable operating costs. A full septic system replacement was completed in 2022, adding significant value and peace of mind for future ownership. Durable TPO roofing and efficient mini-split heating and cooling systems provide additional resilience and energy efficiency for each unit.
Positioned between Symmes Rd and Rhodine Rd, the property offers tenants fast and convenient access to Hwy 301, I-75, and Hwy 41, creating strong commuter appeal and supporting consistent rental demand. This central Riverview location connects residents to major employment centers, schools, shopping, and daily amenities, enhancing long-term occupancy potential. Whether you are expanding your rental portfolio, seeking a stable cash-flowing asset, or pursuing a value-add strategy with select unit turnover, this property delivers compelling investment flexibility in a highly desirable suburban market.
The site features an owned water system that is simple to manage through salt treatment, ensuring controlled utility oversight and predictable operating costs. A full septic system replacement was completed in 2022, adding significant value and peace of mind for future ownership. Durable TPO roofing and efficient mini-split heating and cooling systems provide additional resilience and energy efficiency for each unit.
Positioned between Symmes Rd and Rhodine Rd, the property offers tenants fast and convenient access to Hwy 301, I-75, and Hwy 41, creating strong commuter appeal and supporting consistent rental demand. This central Riverview location connects residents to major employment centers, schools, shopping, and daily amenities, enhancing long-term occupancy potential. Whether you are expanding your rental portfolio, seeking a stable cash-flowing asset, or pursuing a value-add strategy with select unit turnover, this property delivers compelling investment flexibility in a highly desirable suburban market.
Property Facts
| Price | $2,425,000 | Apartment Style | Garden |
| Price Per Unit | $242,500 | Building Class | C |
| Sale Type | Investment | Building Size | 43,146 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment |
| Price | $2,425,000 |
| Price Per Unit | $242,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 43,146 SF |
| No. Stories | 1 |
| Year Built | 1974 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+5 | 10 | - | 4,300 - 4,313 |
Property Taxes
| Parcel Number | U-34-30-20-2TY-000003-00001.1 | Improvements Assessment | $240,798 |
| Land Assessment | $88,102 | Total Assessment | $328,900 |
Property Taxes
Parcel Number
U-34-30-20-2TY-000003-00001.1
Land Assessment
$88,102
Improvements Assessment
$240,798
Total Assessment
$328,900
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11708 Balm Riverview Rd
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