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9241 Overlook Dr
Temple Terrace, FL 33617
10.16% CAP Rate | Concrete Block 8 Unit! · Multifamily Property For Sale
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8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.65 AC |
| Property Type | Multifamily | Building Size | 6,192 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | C | Year Built | 1960 |
| Zoning | RMF | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 6,192 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Zoning | RMF |
ABOUT 9241 OVERLOOK DR , TEMPLE TERRACE, FL 33617
NAI Tampa Bay is pleased to present the exclusive right of sale for the Overlook Apartments in Temple Terrace Florida. The Overlook Apartments consists of eight 1 bedroom / 1 bathroom units, in Four buildings, on One parcel of land. The unit layouts for each building are almost identical, making it very easy to maintain, and manage. The structures are all solid concrete block construction, that were all built in 1960. The property is currently being self-managed, with a part-time maintenance workout, who takes care of the day to day normal maintenance items. The managing philosophy of the current ownership, has been to keep the rents below market rents, in order to ease with the management, and create a consistent vacancy rate of zero percent year of year. The offering provides an investor with strong / consistent cash-flow, in a rental market, where there is no shortage of demand. The Overlook Apartments also offers strong upside for an investor to achieve a +11% CAP rate by bringing the rents to the market rate; without making an substantial improvements. SEE ATTACHEMENTS BELOW TO DOWNLOAD MARKETING PACKAGE / OFFERING MEMORANDUM
PROPERTY TAXES
| Parcel Number | T-22-28-19-55Y-000003-00001.0 | Improvements Assessment | $313,122 |
| Land Assessment | $177,660 | Total Assessment | $490,782 |
PROPERTY TAXES
