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12703 N 15th St 8 Unit Apartment Building $1,395,000 ($174,375/Unit) Tampa, FL 33612
Executive Summary
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.
Property Facts
| Price | $1,395,000 | Lot Size | 0.44 AC |
| Price Per Unit | $174,375 | Building Size | 6,152 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.95/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RMC-20 - Residential Multifamily District | ||
| Price | $1,395,000 |
| Price Per Unit | $174,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 6,152 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMC-20 - Residential Multifamily District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,300 | 500 |
| 2+1 | 4 | $1,600 | 700 - 750 |
| 3+1 | 1 | $1,700 | 900 |
| 3+2 | 1 | $1,900 | 1,100 |
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Property Taxes
| Parcel Number | U-07-28-19-ZZZ-000001-28780.0 | Improvements Assessment | $456,810 |
| Land Assessment | $167,213 | Total Assessment | $624,023 |
Property Taxes
Parcel Number
U-07-28-19-ZZZ-000001-28780.0
Land Assessment
$167,213
Improvements Assessment
$456,810
Total Assessment
$624,023
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12703 N 15th St
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