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Bella Vista is a first-class 16-unit multifamily community in Tampa, FL. The property was originally constructed in 1986 with two-story concrete block construction, but recently underwent a complete interior/exterior renovation in 2018-2019. Currently finishing renovations/lease-up and will be delivered fully occupied.
The interiors received first-class finishes including granite counter-tops, stainless steel appliances, modern tile backsplash, new plumbing and lighting fixtures, and either new tile or plank vinyl flooring. The exterior capital expenditures include a brand new parking lot, new windows, and new central HVACs. In addition, the roof was replaced within the past 5 years so all major CapEx items have been completed making it an excellent turn-key investment opportunity.
All of the units feature spacious 2 bedroom 1 bathroom floor plans approximately 784 square feet. Residents at Bella Vista enjoy washer/dryer connections in-unit and either outdoor patios or balconies. The property is extremely well-kept and the grounds are swept twice daily by a resident on-site. The property is safe and secure, with a new fence and privacy hedge that creates a sense of space and community for the residents.
Located just off of Fowler Avenue, Bella Vista is within a 10-minute drive to many of Tampa's largest employers, including the University of South Florida (1.9 mi), Busch Gardens & Adventure Island (3.8 mi), James A Haley VA Hospital (1.9 mi), and Moffitt Cancer Center (2.8 mi). Other Tampa destinations are easily accessible from Interstate 275, including Downtown Tampa (7.4 mi/10 mins), Tampa International Airport (15.5 mi/20 mins), and more.
Bella Vista is an attractive opportunity for an investor to acquire a completely turn-key, renovated asset in a high growth submarket located in close proximity to major employment and economic drivers.
