505 S Westland Ave - Apartments FOR SALE


Tampa, FL 33606- South Tampa
$1,042,063 USD
727-235-1992
505 S Westland Ave, Tampa, FL for Sale
$1,042,063 USD
Apartments - FOR SALE
1/11
null | 5.7% Cap Rate

505 S Westland Ave
Tampa, FL 33606
South Tampa


HIGHLIGHTS

  • Owner Financing to Qualified Buyers
  • Excellent location
  • Close to everything!

OVERVIEW

Located in one of Tampa’s most desirable neighborhoods, 505 Westland Ave Tampa Fl is 4-unit apartment quadraplex that seamlessly combines contemporary comfort with the warmth and character of a classic Florida home. The property consists of four 2 Bed / 1 Bath units that are 100% occupied with a waiting list of tenants through the current management company. This exceptional property offers a unique opportunity for investors to acquire a property in a vibrant community known for its convenience, charm, and access to a thriving metropolitan area. Situated in the heart of Tampa, this property provides unparalleled convenience. It’s just minutes from downtown Tampa, major highways such as I-275 and the Selmon Expressway, and Tampa International Airport, ensuring effortless connectivity. Residents will enjoy the proximity to Hyde Park Village, the Tampa Riverwalk, and world-class dining, shopping, and entertainment. Outdoor enthusiasts will appreciate nearby parks, including Bayshore Boulevard, known for its stunning waterfront views and walking paths. Interior Highlights: High-End Finishes: Features include premium flooring, modern lighting fixtures, and designer cabinetry, delivering a sophisticated and polished aesthetic. Comfortable Bedrooms: The property boasts generously sized bedrooms with ample closet space, providing private retreats for all residents. Updated bathrooms with elegant tiling, modern fixtures, and spa-inspired features elevate daily routines. Neighborhood Appeal: This property is in a family-friendly community with access to top-rated schools and healthcare facilities. The neighborhood also offers diverse cultural and recreational activities, from museums and art galleries to nearby beaches and water sports. Investment Potential: Tampa’s booming real estate market makes 505 Westland Ave an attractive option for investors. The property’s location, combined with its modern amenities, positions it as a high-demand rental or resale opportunity. Whether you are searching for a forever home or a valuable addition to your portfolio, 505 Westland Ave delivers the perfect blend of location, lifestyle, and luxury. This is a rare opportunity to secure a property that meets the demands of modern living in one of Tampa’s most sought-after areas. Owner Financing: The seller is offering 5 year owner financing to qualified buyers with personal guarantee on the following terms: 30% down payment at 6.75% Interest only for 24 months then converting to a 30 year amortization for the remaining years 3 to 5.

FOR SALE DETAILS

PRICE

$1,042,063 USD

PRICE/SF

$321 USD /SF

# OF UNITS

4

PRICE/UNIT

$260,516

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westland Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Multifamily

APN/PARCEL ID

A-23-29-18-4SB-000011-00003.0

ASK ABOUT THIS PROPERTY

John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

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John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.