207 N Pinewood Ave | Brandon, FL 33510
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- LoopNet Team
207 N Pinewood Ave
Brandon, FL 33510
Pinewood Apartments · Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- 19-Unit Apartment Community Centrally Located in Brandon, a Premier Commuter Submarket of Tampa, FL
- Favorable Unit Mix with 68% Two & Three Bedroom Floorplans
- Strong Value-Add Opportunity with $420+ in Average Monthly Rental Upside Through a Light Value-Add Strategy
- Features Highly Desired Single-Story Concrete Block Construction and Pitched Shingle Roofs
- $41,000 in Existing Loss-to-Lease Available to Be Recaptured Through Proven Market Rents
- Average In-Place Rent: $1,177; Average Market Rent: $1,377; Average Pro Forma Rent: $1,597
PROPERTY FACTS
| No. Units | 19 | Lot Size | 1.72 AC |
| Property Type | Multifamily | Building Size | 14,882 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1926 |
| Zoning | RMC-16 - Residential Multifamily Conv.16 uts / ac | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 14,882 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1926 |
| Zoning | RMC-16 - Residential Multifamily Conv.16 uts / ac |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 625 |
| 2+1 | 11 | - | 750 |
| 3+1 | 2 | - | 1,100 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $971,570 | |
| Land Assessment | $399,831 | Total Assessment | $1,371,401 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$399,831
Improvements Assessment
$971,570
Total Assessment
$1,371,401
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