5113 N Central Ave - Apartments FOR SALE


Tampa, FL 33603- Seminole Heights
$1,500,000 USD
813-817-0137
5113 N Central Ave, Tampa, FL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/42
null | 5.05% Cap Rate

5113 N Central Ave
Tampa, FL 33603
Seminole Heights


HIGHLIGHTS

  • Fully occupied with value add along with R-20 future land use.

OVERVIEW

This is a unique investment opportunity in the heart of Tampa's historic Seminole Heights neighborhood. The combined properties at 5113 and 5115 N Central Ave span approximately 0.8 acres, making it one of the largest residential and multi-family lots in the area. Currently, the property features nine units, including two single-family homes, with the potential to convert an existing storage unit into an additional apartment, increasing rental income. It is currently self-managed with below-market rents, presenting significant upside potential through value-add improvements. The property consists of eight 1 Bedroom 1 Bath and one 2 Bedroom 1 Bath units and has steady demand. Seminole Heights is known for its historic charm, early 20th-century bungalows, tree-lined streets, and a vibrant community filled with trendy restaurants, breweries, and boutiques. As the neighborhood continues to grow in popularity and value, this expansive lot offers both immediate income and long-term appreciation potential. Don't miss out on this exceptional opportunity to own a prime asset in one of Tampa's most sought-after areas. The property has 6 buildings, consisting of 4 duplexes and 2 stand alone homes. Future Land Use R-20

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

9

PRICE/UNIT

$166,667

CAP RATE

5.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,305 SF

ZONING

SH-RS

APN/PARCEL ID

A-01-29-18-4G2-000000-00001.0

ASK ABOUT THIS PROPERTY

Brad GoldfingerCompass Florida LLCMore Info
813-817-0137

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Brad GoldfingerCompass Florida LLCMore Info
813-817-0137

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