911 E 23rd Ave | Tampa, FL 33605
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- LoopNet Team
911 E 23rd Ave
Tampa, FL 33605
Cigar City Flats · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- 9-Unit Partially Renovated Apartment Community Located in the Highly Desirable Tampa Heights Neighborhood in Tampa, FL
- Additional Income Streams Can Be Introduced by Charging for the Existing Community Laundry, Boosting the Utility Bill Back System for Water/Sewer,etc.
- Recent Capex of $92K Upgrades Include Replumbing & Rewiring, New Concrete Parking Lot, Community Washing Machines, Tankless Water Heaters
- Average Monthly Rental Upside of $167 Per Unit (or ~$18k/year) Based on Comparable Properties in the Market
- Value-Add Opportunity to Improve the Exterior of the Property to Increase Curb Appeal (ex: Roof, Building Siding, Paint, Landscaping)
- Additional Capex of $122K to Individual Units Include New Framing/Drywall/Paint, Minisplit HVAC Units, New Appliances, White Shaker Cabinets, Flooring
PROPERTY FACTS
| No. Units | 9 | Building Size | 4,350 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 2.07/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | RS-50 - Residential Single Family | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.20 AC |
| Building Size | 4,350 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | RS-50 - Residential Single Family |
AMENITIES
UNIT AMENITIES
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 450 |
| 1+1 | 3 | - | 550 |
PROPERTY TAXES
| Parcel Number | A-07-29-19-4UQ-000001-00003.0 | Improvements Assessment | $413,672 |
| Land Assessment | $94,762 | Total Assessment | $508,434 |
PROPERTY TAXES
Parcel Number
A-07-29-19-4UQ-000001-00003.0
Land Assessment
$94,762
Improvements Assessment
$413,672
Total Assessment
$508,434
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