**REVISED LIST PRICE - Now $55K Per Unit** | View Offering Memorandum at MultifamilyFirm.com for Full Details & Financial Info!
The Multifamily Firm is pleased to present Sulfur Springs Apartments, an 8-unit apartment building in Tampa, Florida, offering a robust value-add opportunity with projected Year 1–2 CAP rates ranging from 10.04% to 14.91% and cash-on-cash returns of 12.31% to 30.81%, inclusive of the renovation budget. A strategic value-add renovation budget is detailed in the Offering Memorandum.
Extensive structural and mechanical upgrades have already been completed, including installation of IntelliJack leveling systems, supplemental steel beams, floor joist sistering, and a replaced exterior sewer line. Interior improvements include updated hallways and stairwells with new flooring and contemporary paint finishes, while exterior enhancements feature newly replaced staircases and roofs.
Situated on a 0.12-acre corner lot approximately six miles north of Downtown Tampa, the property lies within a NON-flood zone (Zone X) and offers ample on-site parking along with potential to add future community amenities.
View Offering Memorandum for Full Details & Financial Information!!