1511 E 140th Ave 8 Unit Apartment Building $1,599,000 ($199,875/Unit) 5.25% Cap Rate Tampa, FL 33613

1511 E 140th Ave presents a rare opportunity to acquire an 8-unit, fully renovated multifamily asset in Tampa's University area corridor. The property
comprises four concrete block buildings, each containing two 2-bedroom/1-bathroom units, spanning 5,616 total square feet on a 0.52-acre parcel. All
units have been thoughtfully renovated with modern finishes including updated tile flooring, new appliances (range/oven, refrigerator, electric water
heater), updated wall-mounted HVAC, and refreshed interiors.
Offered at $1,599,000 ($199,875 per unit / $284.72 per SF), the property generates strong current income at market rents of $1,575 per unit per month
($151,200 Gross Potential Rent annually). With month-to-month tenancy across all units, a new investor has full operational flexibility to implement a
value-add strategy, adjust rents to market, or reposition the asset. The property benefits from proximity to the University of South Florida, Moffitt
Cancer Center, and AdventHealth Tampa, creating sustained rental demand from students, medical professionals, and workforce tenants.