The Hamptons at Brandon 609 Golden Raintree Pl 28 Unit Apartment Building $3,780,000 ($135,000/Unit) 6.34% Cap Rate Brandon, FL 33510

The Hamptons at Brandon is a 1980s constructed garden-style community. The offering includes 28 of 204 units which have been operating successfully as rentals for the past fifteen years. Units are spread throughout the community which consists of twenty-three, two-story multifamily buildings and two common area buildings which house the office, a clubhouse, laundry facilities and the main swimming pool. The offering is a mix of four, one-bedroom/one-bath units, seventeen two-bedroom/two-bath units and seven, three-bedroom/two-bath units. Community amenities include two swimming pools, a clubhouse, two laundry facilities, lighted, multi-purpose recreation court, fitness center, sand volleyball court, toddler playground and BBQ grilling areas.
The Hamptons is located in Brandon which is a thriving suburb of Tampa just seven miles from Downtown Tampa. The Greater Brandon Area is one of the fastest growing suburban communities in the Tampa Bay MSA. The Hamptons has an employment base of 100,000+ within a five-mile radius and is in proximity to major demand drivers such as the Brandon Regional Hospital (1 mile southeast), the Brandon Exchange and Regency Square Malls (2 miles east), The Estuary; a massive entertainment complex which includes Bass Pro Shops, Topgolf, iFly, Carvana, a Tampa General Hospital ER and two USAA office buildings totaling 660,000 SF and houses 4,500 employees (2.4 and 3.4 miles west, respectively). The Brandon Campus of Hillsborough Community College is just minutes away from and is an institution with nearly 47,000 students across its six local campuses and ranks 20th nationally in total number of associate degrees produced annually. Furthermore, the property is within two miles of Interstate 75 and the Lee Roy Selmon Expressway giving easy access to other desired destinations within the Tampa MSA.