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Park View Portfolio 3 Multifamily Properties Offered at $13,000,000 in Tampa, FL
INVESTMENT HIGHLIGHTS
- Concrete Block Construction Built in 1972, 1981, and 1983
- 52% 2/Bed 1/Bath and 48% 1/Bed 1/Bath Units
- Central Tampa Positioning: Strategically Located Minutes from Downtown Tampa, Westshore Business District, and Tampa International Airport
- Prime Value-Add Opportunity in a Great Location and Strong Unit Mix
- Recent Capex Includes: Two of Three New Roofs (Parkview and Southview), All-New HVAC, All-New Stainless-Steel Appliances, & Light Interior Renovations
- Rapidly Growing Urban Neighborhoods: Positioned within Redeveloping and High- Demand Areas Including Seminole Heights and North Tampa
EXECUTIVE SUMMARY
The Park View Portfolio is a three-property multifamily offering featuring durable concrete block construction built between 1972 and 1983 and a strong, well-balanced unit mix of 52% two-bedroom/one-bath and 48% one-bedroom/one-bath units. The portfolio is offered at a 5.83% takeover cap rate with adjusted taxes and has already seen meaningful capital improvements, including two of three new roofs, all-new HVAC systems, stainless-steel appliances, and light interior renovations—allowing a new owner to focus on executing the remaining value-add strategy.
With average in-place rents of $1,378, the portfolio sits below the surrounding competitive set, providing a clear opportunity to increase rents to $1,500+ and achieve a projected 7.15%+ year-two cap rate. Centrally located in Tampa, the properties offer convenient access to Downtown, the Westshore Business District, and Tampa International Airport, along with major healthcare and educational employers. Proximity to established retail, dining, and rapidly redeveloping neighborhoods such as Seminole Heights and North Tampa further supports long-term renter demand and investment upside.
With average in-place rents of $1,378, the portfolio sits below the surrounding competitive set, providing a clear opportunity to increase rents to $1,500+ and achieve a projected 7.15%+ year-two cap rate. Centrally located in Tampa, the properties offer convenient access to Downtown, the Westshore Business District, and Tampa International Airport, along with major healthcare and educational employers. Proximity to established retail, dining, and rapidly redeveloping neighborhoods such as Seminole Heights and North Tampa further supports long-term renter demand and investment upside.
PROPERTY FACTS
| Price | $13,000,000 | Number of Properties | 3 |
| Price / SF | $158.43 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 82,054 SF |
| Status | Active | Total Land Area | 3.20 AC |
| Price | $13,000,000 |
| Price / SF | $158.43 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 82,054 SF |
| Total Land Area | 3.20 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Park View Apartments
5505 N Habana Ave, Tampa, FL 33614 |
Multifamily | 41,158 SF | 1983 | - |
|
Westview and Southview Apartments
4827 Melton Ave, Tampa, FL 33614 |
Multifamily | 31,380 SF | 1972 | - |
| 2505 W Violet St, Tampa, FL 33614 | Multifamily | 9,516 SF | 1981 | - |
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