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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 | Lot Size | 2.49 AC |
| Property Type | Multifamily | Building Size | 50,585 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1968/1994 |
| Zoning | CG - Commercial General | ||
| 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
| Parcel Number | A-35-28-18-3GT-000000-A0000.0 | Improvements Assessment | $8,886,700 |
| Land Assessment | $100 | Total Assessment | $8,886,800 |
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
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