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DeSoto Apartments 6829 S Desoto St 7 Unit Apartment Building $1,215,000 ($173,571/Unit) Tampa, FL 33616
Investment Highlights
- Two-story 1980’s concrete block construction with pitched roofs.
- Recent Capital Improvements: Fully renovated units with granite counter tops, stainless steel appliances, and smart home features.
- Four on-site storage units located behind the 6831 building are currently unmonetized, providing an opportunity to generate supplemental income.
- Property consists of 100% two-bedroom, one-bath floorplans averaging approximately 754 square feet.
- Washer/dryer connection in all units.
- Located in South Tampa, an infill market characterized by strong renter demand, limited available land, & high barriers to new multifamily development
Executive Summary
DeSoto Apartments is a fully renovated multifamily community located in the heart of South Tampa, one of the region's most sought-after infill submarkets. The property features spacious two-bedroom, one-bath residences averaging approximately 754 square feet, with durable 1980s concrete block construction and pitched roofs. Each apartment has been renovated with granite countertops, stainless steel appliances, smart home technology, and washer/dryer connections, while individually metered electricity and a RUBS program for water and sewer provide operational efficiencies. The property also offers additional upside through four currently unmonetized on-site storage units.
Located just minutes from MacDill Air Force Base, Downtown Tampa, and the Westshore Business District, DeSoto Apartments benefits from a diverse employment base and exceptional connectivity via Gandy Boulevard, Dale Mabry Highway, and the Selmon Expressway. The combination of a turnkey renovation, operational upside, and a premier South Tampa location presents a compelling investment opportunity.
Located just minutes from MacDill Air Force Base, Downtown Tampa, and the Westshore Business District, DeSoto Apartments benefits from a diverse employment base and exceptional connectivity via Gandy Boulevard, Dale Mabry Highway, and the Selmon Expressway. The combination of a turnkey renovation, operational upside, and a premier South Tampa location presents a compelling investment opportunity.
Property Facts
| Price | $1,215,000 | Building Class | C |
| Price Per Unit | $173,571 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 5,472 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RS-50 | ||
| Price | $1,215,000 |
| Price Per Unit | $173,571 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,472 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | RS-50 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 754 |
1 1
Somewhat walkable
30/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $733,014 | |
| Land Assessment | $200,000 | Total Assessment | $933,014 |
Property Taxes
Parcel Numbers
Land Assessment
$200,000
Improvements Assessment
$733,014
Total Assessment
$933,014
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