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1921 E 137th Ave 12 Unit Apartment Building $1,875,000 ($156,250/Unit) 7.76% Cap Rate Tampa, FL 33613
Executive Summary
*****MUST PROVIDE PROOF OF FUNDS PRIOR TO SHOWINGS*****
*****Please view CBRE underwriting estimates inside flyer for loan options*****
12-Unit Multifamily Community Located in the Uptown
District (Over 74,000 Jobs & 4,100 Companies Nearby)
• (2026) RENTAL AVERAGES FOR 2BEDROOM $1790
MONTHLY (tampaha.org/payment-standards)
• 6 Duplex Buildings Constructed in 1972 with Concrete
Block Construction & Pitched Roofs
• Received Over $460,000 in Capital Improvements between two Owners
• 100% 2 Bedroom Floor Plans
• Fully Renovated Interiors Equipped with Brand New
Washers/Dryers & Fully Renovated Interiors
• Water/Sewer Individually Metered & Paid by Tenant
• Located 1 Mile From the University of South Florida
(50,000+ Annual Students & 16,000+ Employees)
• Located Across the Street From the Brand-New, 7-Acre
Harvest Hope Park
• Convenient to the $3B Mixed-Use Redevelopment of
University Mall, over $800 Million in Hospital
Redevelopments and the 32-Acre Redevelopment of Big Top Flea Market
****NO SELLER FINANCING PLEASE!****
*****Please view CBRE underwriting estimates inside flyer for loan options*****
12-Unit Multifamily Community Located in the Uptown
District (Over 74,000 Jobs & 4,100 Companies Nearby)
• (2026) RENTAL AVERAGES FOR 2BEDROOM $1790
MONTHLY (tampaha.org/payment-standards)
• 6 Duplex Buildings Constructed in 1972 with Concrete
Block Construction & Pitched Roofs
• Received Over $460,000 in Capital Improvements between two Owners
• 100% 2 Bedroom Floor Plans
• Fully Renovated Interiors Equipped with Brand New
Washers/Dryers & Fully Renovated Interiors
• Water/Sewer Individually Metered & Paid by Tenant
• Located 1 Mile From the University of South Florida
(50,000+ Annual Students & 16,000+ Employees)
• Located Across the Street From the Brand-New, 7-Acre
Harvest Hope Park
• Convenient to the $3B Mixed-Use Redevelopment of
University Mall, over $800 Million in Hospital
Redevelopments and the 32-Acre Redevelopment of Big Top Flea Market
****NO SELLER FINANCING PLEASE!****
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,875,000 | Apartment Style | Garden |
| Price Per Unit | $156,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 7.76% | Building Size | 8,424 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RMC-20 - Residential Multi-Family | ||
| Price | $1,875,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| Cap Rate | 7.76% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 8,424 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2020 |
| Opportunity Zone |
Yes |
| Zoning | RMC-20 - Residential Multi-Family |
Amenities
Unit Amenities
- Washer/Dryer
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,650 | 702 |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | U-06-28-19-1GJ-000005-00002.0 | Improvements Assessment | $1,139,600 |
| Land Assessment | $100 | Total Assessment | $1,139,700 |
Property Taxes
Parcel Number
U-06-28-19-1GJ-000005-00002.0
Land Assessment
$100
Improvements Assessment
$1,139,600
Total Assessment
$1,139,700
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1921 E 137th Ave
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