John Burpee & Associates is proud to present our newest exclusive listing. The 16-unit Interbay Apartments is located at 6828 Trask Street, Tampa Florida. This RARE hard to find concrete block pitched shingle roof investment very rarely comes available in the South Tampa market. 1 Block to MacDill Air Force front gate and in the heart of the highest growth market of South Tampa.
The property consists of 16 1 Bedroom / 1 Bathroom units with central heating and air. The bottom floor 8 units have a private small, fenced patio area for tenants’ enjoyment. There is a central laundry room with four commercial grade laundry machines as an added revenue source to the P&L statement.
The entire roof was replaced on both buildings in 2022 with a transferable warranty to the new owner. The exterior of the property was painted in 2024 along with new fencing and landscaping featuring a wifi app controlled full irrigation system.
The best feature of this investment is the current owner is willing to finance the purchase to a qualified investor with 35% down payment at 6.75% interest on a 5-year first mortgage with personal guarantees. The seller is offering the first 24 months as interest only and then converting to a 30-year amortization for an additional 36 months until the 60-month term is completed.
Our firm has managed this asset for the last 5 years and is willing to stay in place with a new owner.
For more detail or to arrange a property tour Contact:
John Burpee: 727-235-1992 John@BurpeeCommercial.com