5416 N 9th St
Tampa, FL 33604
Hampton Terrace · Multifamily Property For Sale · 16 Units

Hampton Terrace is a conventional 16-unit apartment community located in the Seminole Heights District, Tampa’s original suburb just 3 miles north of downtown and 4 miles east of the Westshore Business District. The property consists of two, two-story buildings made of concrete-block construction consisting of eight one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units averaging 747 square feet. Most units have been renovated with vinyl plank flooring, interior paint, updated cabinets, and new appliances. Average rents of $955 per month or $1.28 per square foot allow an incoming owner to further maximize rents by drafting behind the newly constructed communities nearby that are averaging $2.00 per square foot. This is one of the rare opportunities to own one of the few concrete block, turn-key apartment communities in Seminole Heights, a highly desirable rental market that has historically achieved high occupancy levels and very little resident turnover in comparison to some of the more urban rental markets. Hampton Terrace lies near the intersection of Hillsborough and US-41 in the core of the Seminole Heights neighborhood. Residents enjoy living in direct proximity to some of the top restaurants and craft breweries in the region including award-winning establishments such as The Refinery, Rooster & the Till and Ichicoro Ramen as well as a short commute to Tampa’s largest employment centers, universities, hospitals, concert and sporting venues, shopping, nightlife, and entertainment. Hampton Terrace is conveniently located within 4-miles of 22 million square feet of office space allowing tenants a short and easy commute to and from the office. Major points of interest in close proximity to the property include I-275 (0.20 miles), I-4 (2.20 miles), Downtown Tampa (3 miles), University of South Florida (4.29 miles) and Tampa International Airport (4.75 miles).