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515 Columbia Dr 12 Unit Apartment Building $3,900,000 ($325,000/Unit) 4.88% Cap Rate Tampa, FL 33606
INVESTMENT HIGHLIGHTS
- Presitige Davis Island Location in completely rehabbed 12 units. Close to Tampa General hospital .Ideal short term rentals for Students or Corporate .
- Potential Ideal conversion to Condo units Units ..Contains Washer and Dryer appliances .All AC systems 36 months or less old.
EXECUTIVE SUMMARY
Prestigious Davis Island location!
Currently used as residential rentals.
Previous 2020 thru 2024 usage as short term rentals with higher income.
BEST usage is for INDIVIDUAL CONDO Conversions.
Currently used as residential rentals.
Previous 2020 thru 2024 usage as short term rentals with higher income.
BEST usage is for INDIVIDUAL CONDO Conversions.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Range
- Wi-Fi
- Double Pane Windows
- Linen Closet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $2,352 | 577 |
PROPERTY TAXES
| Parcel Number | A-30-29-19-509-000109-00005.0 | Total Assessment | $1,897,100 (2025) |
| Land Assessment | $100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,897,000 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
A-30-29-19-509-000109-00005.0
Land Assessment
$100 (2025)
Improvements Assessment
$1,897,000 (2025)
Total Assessment
$1,897,100 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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515 Columbia Dr
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