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1920 E Osborne Ave 4,593 SF Health Care Building Offered at $1,800,000 at a 7.36% Cap Rate in Tampa, FL 33610

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INVESTMENT HIGHLIGHTS

  • Outstanding condition
  • Room to extend
  • 100% occupied

EXECUTIVE SUMMARY

Explore a remarkable investment opportunity at the property on E Osborne Ave in Tampa, FL. This special purpose property offers a well-maintained, 4,733 SF of buildings across 2 units, zoned RS-50, and has undergone recent renovations in 2024. Boasting full occupancy, this investment promises steady returns. The property's prime location in the vibrant Tampa area presents an attractive proposition for prospective investors. With its solid rental history and desirable features, this property represents a compelling opportunity for those looking to expand their investment portfolio in an established and thriving market. Consisting of two buildings and sitting between E Osborne Ave and E Louisiana Ave the property also has excellent expansion opportunities. The two units are separate but share adjacent lots with the rear building have 5 bedroom and 5 bathrooms, while the front building has 4 bedrooms and 2 bathrooms. The existing lease has a 3% per year escalator.Discover the vibrant neighborhood surrounding the property at 1920 E Osborne Ave, Tampa, FL, 33610. Located in the heart of Tampa, this area offers a blend of business and leisure opportunities. Nearby points of interest include the historic Ybor City, the Amalie Arena, and the Tampa Convention Center, providing ample entertainment options for potential tenants or employees. The location also boasts a diverse selection of dining options and convenient access to major highways, making it an ideal spot for an office building investment. With its central location and abundant amenities, this property presents an exciting opportunity for prospective investors.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $150,000 $32.66
Other Income - -
Vacancy Loss - -
Effective Gross Income $150,000 $32.66
Taxes - -
Operating Expenses $17,456 $3.80
Total Expenses $17,456 $3.80
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $150,000
Annual Per SF $32.66
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $150,000
Annual Per SF $32.66
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $17,456
Annual Per SF $3.80
Total Expenses
Annual $17,456
Annual Per SF $3.80
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $1,800,000
Price Per Bed $200,000
Sale Type Investment
Cap Rate 7.36%
Property Type Health Care
Property Subtype Assisted Living
Building Class B
Lot Size 0.53 AC
Building Size 4,593 SF
No. Beds 9
No. Stories 1
Year Built/Renovated 1944/2024
Parking Ratio 2.18/1,000 SF
Zoning RS-50 - Residential Single Family - 50
  • Listing ID: 35267836

  • Date on Market: 3/26/2025

  • Last Updated:

  • Address: 1920 E Osborne Ave, Tampa, FL 33610

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