13911 N 19th St
Tampa, FL 33613
Royal Village · Multifamily Property For Sale · 68 Units

**** UNDER CONTRACT **** Royal Village is a 68 unit multifamily community located in the densely populated University Area submarket of Tampa, FL. The property is comprised of 14 one & two-story buildings that were built between 1971 and 1974. Each building features concrete block construction with flat roofs. The unit mix includes 44 1Bed 1Bath units (650 SF) and 24 2Bed 1Bath units (750 SF), totaling 68 villa-style units. Residents at Royal Village enjoy off-street parking and on-site laundry facilities. The property is minutes away from Tampa’s largest employers including The University of South Florida (1.4 Mi), Busch Gardens (4.2 Mi), Adventure Island (4.2 Mi), James A. Haley Veteran’s Hospital (1.4 Mi), Moffitt Cancer Center (1.9 Mi) and Advent Health (1.3 Mi). The property is located in the highly desirable Innovation Alliance District, near several major redevelopment projects including: the $1 billion redevelopment of University Mall (1.6 Mi), the Fowler Innovations redevelopment (2.6 Mi), and the Tampa International Airport Redevelopment (16.7 Mi). Royal Village is located 5.5 miles from Interstate 75 and 1.3 miles from Interstate 275 which provide convenient access to Downtown Tampa (10 Mi) and Tampa International Airport (16.7 Mi). Royal Village offers an investor the opportunity to acquire a stable, high occupancy asset in one of Tampa’s most prime locations. The property has a proven value-add business model with ability to increase rents while improving management efficiencies. LOCATION OVERVIEW Royal Village apartments are located in Tampa’s Innovation Alliance District. The Innovation District is a multi-jurisdictional community made up of technology, health care, education, and entertainment institutions. These globally recognized institutions make up 74,000 jobs and 4,100 companies in the area. The community is one of the areas largest technology hubs and start-up incubators. Institutions that make up the district include: AdventHealth (2,300 + Employees), Busch Gardens (4,000 + Employees), the University of South Florida, University Mall, Moffitt Cancer Center (6,000 + Employees), & the James A. Haley Veterans’ Hospital (4,700 + Employees). The Innovation Alliance District contains tens of thousands of students, educators, healthcare workers, patients, 4+ million annual tourists, and holds 11.3 billion in annual potential economic impact. The 25,000 acre tech hub is bound by Busch Boulevard on the south, Bearss Avenue on the north, and interstates 75 and 275 on the east and west. It includes parts of Tampa, Temple Terrace, & unincorporated Hillsborough County.