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Uptown Townhomes 2010 E 148th Ave 24 Unit Apartment Building For Sale Lutz, FL 33549
Investment Highlights
- 75% - 2003 Concrete Block Construction Built
- Washer + Dryer Connections in all 17 Townhomes (ability to add W/D in the remaining 7 units)
- Immediate, Low-Friction Income Upside Raising utility reimbursements to market ($150/unit/month) with zero capital required
- Unit Mix 92% - 800 sq ft 2-bedrooms and 1,250 sq ft 3-bedrooms
- Turnkey, Renovated Asset 21 units have been fully renovated
- Prime USF Proximity Located minutes from the University of South Florida (50,000+ students, 16,000+ employees)
Executive Summary
CBRE is pleased to present Uptown Townhomes, a 24-unit multifamily asset situated at 2010 E. 148th Avenue in Lutz, Florida, a high-income, supply-constrained node within
the greater North Tampa submarket. The property offers investors a rare opportunity to acquire a concrete block, townhome-style community in one of the Tampa MSA's most demographically resilient corridors.
Uptown Townhomes features a diverse mix of one-, two-, and three-bedroom floorplans across a well-established, multi-phase community with the majority of units delivered in the early 2000s. Solid concrete block construction throughout delivers meaningful advantages in Florida's evolving insurance landscape, including favorable underwriting
treatment and reduced long-term maintenance exposure, a significant differentiator in today's market. The townhome product type, with its multi-level design and private entry points, commands a structural premium over traditional garden-style apartments and remains a scarce offering within the immediate submarket.
Positioned within the Tampa Palms vicinity of Lutz, where estimated median household income has reached $128,547, the property benefits from proximity to approximately 30,000 healthcare and education jobs driven by the University of South Florida, Veterans' Hospital, and AdventHealth's main hospital campus. Downtown Tampa, Water Street, and the Westshore Business District are all accessible within 20 minutes via I-275, I-75, and I-4.
With its concrete block construction, scarce townhome format, and position within one of Tampa Bay's most affluent and supply-constrained submarkets, Uptown Townhomes represents a compelling acquisition opportunity for investors seeking stable cash flow and long-term appreciation in one of Florida's most resilient rental markets.
the greater North Tampa submarket. The property offers investors a rare opportunity to acquire a concrete block, townhome-style community in one of the Tampa MSA's most demographically resilient corridors.
Uptown Townhomes features a diverse mix of one-, two-, and three-bedroom floorplans across a well-established, multi-phase community with the majority of units delivered in the early 2000s. Solid concrete block construction throughout delivers meaningful advantages in Florida's evolving insurance landscape, including favorable underwriting
treatment and reduced long-term maintenance exposure, a significant differentiator in today's market. The townhome product type, with its multi-level design and private entry points, commands a structural premium over traditional garden-style apartments and remains a scarce offering within the immediate submarket.
Positioned within the Tampa Palms vicinity of Lutz, where estimated median household income has reached $128,547, the property benefits from proximity to approximately 30,000 healthcare and education jobs driven by the University of South Florida, Veterans' Hospital, and AdventHealth's main hospital campus. Downtown Tampa, Water Street, and the Westshore Business District are all accessible within 20 minutes via I-275, I-75, and I-4.
With its concrete block construction, scarce townhome format, and position within one of Tampa Bay's most affluent and supply-constrained submarkets, Uptown Townhomes represents a compelling acquisition opportunity for investors seeking stable cash flow and long-term appreciation in one of Florida's most resilient rental markets.
Property Facts
| Sale Type | Investment | Lot Size | 1.62 AC |
| No. Units | 24 | Building Size | 24,507 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1980 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Zoning | RMC-12 | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.62 AC |
| Building Size | 24,507 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | RMC-12 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
- Family Room
- Vinyl Flooring
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 525 |
| 2+1 | 4 | - | 800 |
| 3+1 | 1 | - | 725 |
| 3+1.5 | 17 | - | 1,250 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | U-31-27-19-1D3-000000-00051.1 | Improvements Assessment | $2,443,900 |
| Land Assessment | $100 | Total Assessment | $2,444,000 |
Property Taxes
Parcel Number
U-31-27-19-1D3-000000-00051.1
Land Assessment
$100
Improvements Assessment
$2,443,900
Total Assessment
$2,444,000
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Uptown Townhomes | 2010 E 148th Ave
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