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River Club 714 E Hollywood St 11 Unit Apartment Building $1,850,000 ($168,182/Unit) Tampa, FL 33604
Investment Highlights
- Rare Opportunity to Own Waterfront Rental Units in Tampa, FL
- 0.8 Acre Lot with Future Zoning of R-20, Providing Waterfront Redevelopment Potential of Up to 16 Units
- Significant New Construction Around Seminole Heights in the Form of Apartments, Condos, and Single Family Homes
- 10x 1Bedroom/1Bath Units and 1x 2Bed/1Bath Units
- On-Site Laundry Facility and Parking
- Nearby Entertainment Includes Lowry Park Zoo (1.9 mi), Rogers Park Golf Course (3.0 mi), and Busch Gardens (3.9 mi)
Executive Summary
River Club presents a rare opportunity to acquire 11 waterfront rental units along the scenic Hillsborough River in Tampa, FL. Situated on a spacious 0.8-acre lot, the property features ten 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, along with on-site laundry and dedicated parking. With future zoning of R-20, investors have the potential to redevelop the site into up to 16 waterfront units in the future. Additional income can also be generated through boat dock rentals, enhancing the property's long-term value and cash flow potential.
Located near the heart of Seminole Heights, River Club is surrounded by a wave of new development including apartments, condos, and single-family homes. The property offers residents convenient access to major attractions such as Lowry Park Zoo, Rogers Park Golf Course, and Busch Gardens. It's also just 4.3 miles from the University of South Florida, which enrolls nearly 49,000 students. Tenants can enjoy some of Tampa’s most beloved local dining options nearby, making River Club both a lifestyle-centric and investment-savvy acquisition.
Located near the heart of Seminole Heights, River Club is surrounded by a wave of new development including apartments, condos, and single-family homes. The property offers residents convenient access to major attractions such as Lowry Park Zoo, Rogers Park Golf Course, and Busch Gardens. It's also just 4.3 miles from the University of South Florida, which enrolls nearly 49,000 students. Tenants can enjoy some of Tampa’s most beloved local dining options nearby, making River Club both a lifestyle-centric and investment-savvy acquisition.
Property Facts
| Price | $1,850,000 | Building Class | C |
| Price Per Unit | $168,182 | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 9,221 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | ||
| Zoning | SH-RS | ||
| Price | $1,850,000 |
| Price Per Unit | $168,182 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 9,221 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | SH-RS |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 560 - 675 |
| 2+1 | 1 | - | 1,030 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | A-25-28-18-4DN-000004-00002.0 | Improvements Assessment | $272,549 |
| Land Assessment | $231,750 | Total Assessment | $504,299 |
Property Taxes
Parcel Number
A-25-28-18-4DN-000004-00002.0
Land Assessment
$231,750
Improvements Assessment
$272,549
Total Assessment
$504,299
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River Club | 714 E Hollywood St
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