635 S 63rd St - Apartments FOR SALE


Tampa, FL 33619- East Tampa
$870,000 USD
239-595-0084
635 S 63rd St, Tampa, FL for Sale
$870,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

635 S 63rd St
Tampa, FL 33619
East Tampa


HIGHLIGHTS

  • Prime redevelopment investment for an up and coming area.
  • Perfect for a larger multi family building, possible retail as well.

OVERVIEW

Prime Investment Opportunity - 4 Building - 7 Unit Income Property, on 1.25 acres with Commercial Zoning & Future Development Potential. This outstanding income-producing property in a highly sought-after location. This well-maintained 4-unit Multifamily Residence offers a fantastic opportunity for Investors and Owner-Occupants looking to grow their Real Estate Portfolio. What sets this property apart are its commercial zoning and exciting potential for future development. Located in desired South Tampa, this property offers convenience and easy access to amenities, schools, public transportation, and more. Sitting on 3 Parcels of Land, and included in the purchase are 2 separate Duplexes, each featuring 1 Bedroom and 1 Bathroom per side. 2 Single Family Homes, one consisting of 2 Bedrooms and 2 Bathrooms with a separate Efficiency unit collecting a separate rental income, and a 1 Bedroom 1 Bathroom Single Family Dwelling. All units have separate Electric Meters and shared Water. All Tenants are long-term, on Month to Month Leases, and paying Below Market Rent.

FOR SALE DETAILS

PRICE

$870,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

7

PRICE/UNIT

$124,286

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

31

LAND DETAILS

LAND ACRES

150 AC

LAND SF

6,534,000 SF

ZONING

CR-1

APN/PARCEL ID

U-23-29-19-ZZZ-000001-51150.0

ASK ABOUT THIS PROPERTY

James WarrenCompass Real EstateMore Info
239-595-0084

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James WarrenCompass Real EstateMore Info
239-595-0084

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