2608 W Swann Ave
Tampa, FL 33609
Multifamily Property For Sale · 6 Units

2608 West Swann Avenue is a 1950’s, apartment community in the Hyde Park submarket of Tampa, Florida. Located minutes away from major demand drivers and points of interest. 2608 West Swann Avenue consists of one building, totaling six units. This offering presents investors the opportunity to own a value-add property located in a class A, strong rental demand submarket with upside potential. The property is constructed of concrete block with a pitched shingle roof. Units consist of one-bedroom/one-bathroom and two-bedroom/one-bathroom units averaging 580 square feet. Tenants are afforded some of the best amenities for like-kind rentals as the property includes covered parking and an on-site laundry facility. Recent capital improvements include a new roof, new windows and replacement of half of the central HVACs. 2608 West Swann Avenue allows an investor to purchase a tremendously located property with upside potential through renovating the interiors and increasing rental rates. Assuming an all cash purchase, an investor will have the ability to increase the annual return to over 7 percent and increase it each year thereafter as markets continue to move up. 2608 West Swann Avenue is conveniently located steps from South Howard Avenue, a bustling area of South Tampa that provides access to hundreds of shops, bars, restaurants and entertainment. Situated in Hyde Park and just minutes from major attractions, the property offers tenants a central location with convenient access to many activities. Major points of interest in close proximity to 2608 West Swann Avenue include Memorial Hospital (0.09 Miles), Tampa’s SoHo District (0.26 Miles), Hyde Park Village (0.68 Miles), University of Tampa (1.43 Miles) and Downtown Tampa (1.87 Miles). Located 1.22 miles from 2608 West Swann Avenue, is Interstate 275, giving access to Saint Petersburg to the West, as well as Brandon, Plant City, Lakeland and Orlando to the East.