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8820 Rocky Creek Dr 4 Unit Apartment Building $989,000 ($247,250/Unit) 9.04% Cap Rate Tampa, FL 33615
Investment Highlights
- redevelopment opportunity
- waterfront
Executive Summary
Exceptional waterfront investment opportunity awaits. This property is located on a peninsula of Rocky Creek offering well over 200 feet of waterfront with easy access to Tampa Bay and the Gulf. The land which consists of two duplexes affords opportunity for development to provide a substantial property. Duplex 8818 consists of two 1 bedroom, 1 bath units. While duplex 8820 consists of one 2 bedroom, 1 bath unit and a 1 bedroom, 1 bath unit as well as a shared laundry room. This property also features its own newly paved boat ramp and a wood dock perfect for fishing. Don’t wait, schedule a showing today!
Property Facts
| Price | $989,000 | Apartment Style | Low-Rise |
| Price Per Unit | $247,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 9.04% | Building Size | 2,016 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Zoning | RMC-6 - Residential, Multi-Family Conventional | ||
| Price | $989,000 |
| Price Per Unit | $247,250 |
| Sale Type | Investment |
| Cap Rate | 9.04% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 2,016 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | RMC-6 - Residential, Multi-Family Conventional |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Stainless Steel Appliances
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Waterfront
- Dock
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 300 - 399 |
| 2+1 | 1 | - | 350 - 450 |
Property Taxes
| Parcel Number | U-03-29-17-0CB-000000-00034.1 | Improvements Assessment | $95,412 |
| Land Assessment | $312,954 | Total Assessment | $408,366 |
Property Taxes
Parcel Number
U-03-29-17-0CB-000000-00034.1
Land Assessment
$312,954
Improvements Assessment
$95,412
Total Assessment
$408,366
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8820 Rocky Creek Dr
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