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9208 N Connechusett Rd 8 Unit Apartment Building $1,299,000 ($162,375/Unit) 7.20% Cap Rate Tampa, FL 33617
Investment Highlights
- Recently Updated Units
- Off-Street Parking
- Private Balconies
Executive Summary
The updated apartments feature granite countertops spacious living areas, and private balconies. Amenities include off-street parking, on-site laundry, and clean common areas, supporting high occupancy and solid income performance. A turnkey, income-producing asset in one of Tampa’s strongest rental pockets—ideal for investors seeking a stable, well-located multifamily property with an attractive unit mix and long-term upside.
Located in Tampa’s convenient Terrace Park neighborhood, the property is minutes from Adventure Island, MOSI, Busch Gardens, and Yuengling Brewery, and just south of the
University of South Florida—a top rental hub for students, faculty, and staff. Tenants enjoy quick access to dining, shopping, and essentials along 56th Street and Busch Boulevard, plus University Mall. Proximity to I-275 provides easy commuting across the Tampa Bay region, boosting consistent rental demand
Located in Tampa’s convenient Terrace Park neighborhood, the property is minutes from Adventure Island, MOSI, Busch Gardens, and Yuengling Brewery, and just south of the
University of South Florida—a top rental hub for students, faculty, and staff. Tenants enjoy quick access to dining, shopping, and essentials along 56th Street and Busch Boulevard, plus University Mall. Proximity to I-275 provides easy commuting across the Tampa Bay region, boosting consistent rental demand
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,299,000 | Building Class | C |
| Price Per Unit | $162,375 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 6,880 SF |
| Cap Rate | 7.20% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 8 | Year Built | 1982 |
| Property Type | Multifamily | Parking Ratio | 10/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-24 - RM-24 Residential Multi-Family | ||
| Price | $1,299,000 |
| Price Per Unit | $162,375 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 6,880 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 10/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-24 - RM-24 Residential Multi-Family |
Amenities
Unit Amenities
- Balcony
- Storage Space
- Walk-In Closets
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 707 |
| 2+2 | 4 | - | 973 |
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Numbers | Total Assessment | $776,521 | |
| Land Assessment | $129,374 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $647,147 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$129,374
Improvements Assessment
$647,147
Total Assessment
$776,521
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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9208 N Connechusett Rd
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