Price reduction and updated financials! Interbay Apartments, a 16-unit complex at 6828 Trask Street in Tampa, presents a rare investment opportunity in the highly sought-after South Tampa market, a solid investment seldom available in the area. The complex comprises 16 one-bedroom, one-bathroom units with central heating and air. Ground-floor units feature private, fenced patios, enhancing tenant appeal. With a recent price reduction, the property now offers a 6.76% cap rate, making it an even more attractive investment. Recent upgrades include a complete roof replacement in 2022 with a transferable warranty and new exterior paint, fencing, and landscaping in 2024. The property features a Wi-Fi app-controlled irrigation system for efficient maintenance, and a central laundry room with four commercial-grade machines generates additional income, furthering its investment potential. One block from the MacDill Air Force Base's front gate, 6828 Trask Street is at the center of South Tampa's fastest-growing area. It offers seamless access to the Selmon Expressway and Gandy Bridge, providing swift connectivity to Downtown Tampa and Pinellas County. Seller financing note: NO SECOND MORTGAGE OFFERS WILL BE REVIEWED , SELLER WILL FINANCE WITH FIRST POSITION ONLY! A standout feature of this investment is the flexible owner financing option. A qualified buyer can secure the property with a 35% down payment at a 6.75% interest rate on a five-year first mortgage with personal guarantees. The seller offers interest-only payments for the first 24 months, followed by a 30-year amortization schedule for the remaining 36 months, making this a compelling opportunity for investors seeking strong returns in a prime location. John Burpee & Associates has managed this asset for the last five years and is willing to stay in place with a new owner.