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River View Apartments 5659 Del Prado Dr 296 Unit Apartment Building For Sale Tampa, FL 33617
Investment Highlights
- Established 296-unit multifamily community in Tampa's Temple Terrace submarket.
- Concrete construction supports long-term durability and operational efficiency.
- Community amenities include a swimming pool and resident clubhouse.
- Convenient access to the University of South Florida and surrounding employment centers.
- Recent clubhouse and leasing office renovations enhance resident appeal.
- Positioned near major transportation corridors, retail destinations, and daily services.
Executive Summary
River View is a 296-unit concrete community built in 1973 in Tampa‘s Temple Terrace submarket. Its floor plans are all one, two, and three-bedrooms, averaging a large 1,127 sq. ft., which draws families and roommate households that renew longer and keep occupancy stable. Durable concrete construction holds down maintenance and insurance costs, and recent clubhouse and leasing office renovations leave less near-term capital for a new owner.
On-site amenities include a swimming pool and clubhouse, and washer/dryer connections in 24 units give a buyer a ready lever to install in-unit appliances and raise rents. With only 5 units fully renovated to date and completed units already earning premiums of roughly $150 per month, the interior program offers immediate, repeatable rent growth. In-place income and expenses are sound, with strong collections and stable trailing operations that hand a buyer dependable cash flow from day one.
River View sits among North Tampa‘s largest employment and demand drivers, including Moffitt Cancer Center, AdventHealth and James A. Haley Veterans‘ Hospital (more than 14,900 employees combined); Yuengling Brewing Company and PepsiCo (more than 2,000 employees); the University of South Florida (more than 16,000 employees); and the Amazon Fulfillment Center.
On-site amenities include a swimming pool and clubhouse, and washer/dryer connections in 24 units give a buyer a ready lever to install in-unit appliances and raise rents. With only 5 units fully renovated to date and completed units already earning premiums of roughly $150 per month, the interior program offers immediate, repeatable rent growth. In-place income and expenses are sound, with strong collections and stable trailing operations that hand a buyer dependable cash flow from day one.
River View sits among North Tampa‘s largest employment and demand drivers, including Moffitt Cancer Center, AdventHealth and James A. Haley Veterans‘ Hospital (more than 14,900 employees combined); Yuengling Brewing Company and PepsiCo (more than 2,000 employees); the University of South Florida (more than 16,000 employees); and the Amazon Fulfillment Center.
Property Facts
| Sale Type | Investment | Lot Size | 18.43 AC |
| No. Units | 296 | Building Size | 334,000 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2017 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Zoning | RMC-20 | ||
| Sale Type | Investment |
| No. Units | 296 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 18.43 AC |
| Building Size | 334,000 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2017 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | RMC-20 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Microwave
- Refrigerator
Site Amenities
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Tennis Court
- Gated
- Grill
- Laundry Service
- Pet Play Area
- Recycling
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 140 | - | 894 |
| 2+1 | 42 | - | 1,132 |
| 2+2 | 90 | - | 1,365 |
| 3+2 | 24 | - | 1,565 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | U-27-28-19-ZZZ-000001-38930.0 | Improvements Assessment | $29,181,300 |
| Land Assessment | $100 | Total Assessment | $29,181,400 |
Property Taxes
Parcel Number
U-27-28-19-ZZZ-000001-38930.0
Land Assessment
$100
Improvements Assessment
$29,181,300
Total Assessment
$29,181,400
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