This Multifamily Property is no longer advertised on LoopNet.com.

6423 N Armenia Ave
Tampa, FL 33604
French Quarter Apartments · Multifamily Property For Sale · 57 Units

Investment Highlights

  • 57 Unit Multifamily Community Located in Tampa, FL
  • Property is in Excellent Condition with ~$3,000,000 ($50k+ Per Unit) in Recent Upgrades
  • Strong Year-to-Date Lease Trade-Out Activity Averaging a $360 (32.7%) Increase Across New Leases and Renewals (26 Leases)
  • Highly Desirable Concrete Block Construction with 56% Two- Bedroom Floor Plans
  • Proven Upside with $152K of In-Place Loss to Lease and Average Lease Rents $236 Below Current Base Market Rents at the Property

Property Facts

No. Units 57
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.49 AC
Building Size 50,585 SF
Average Occupancy 89%
No. Stories 2
Year Built/Renovated 1968/1994
Zoning CG - Commercial General

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Picnic Area
  • Pool
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 25 - 600
2+1 32 - 785

Property Taxes

Property Taxes

Parcel Number
A-35-28-18-3GT-000000-A0000.0
Land Assessment
$100
Improvements Assessment
$8,886,700
Total Assessment
$8,886,800
  • Listing ID: 26005686

  • Date on Market: 6/23/2022

  • Last Updated:

  • Address: 6423 N Armenia Ave, Tampa, FL 33604

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