6828 S Trask St - Apartments FOR SALE


Tampa, FL 33616- South Tampa
$3,125,000 USD
727-235-1992
6828 S Trask St, Tampa, FL for Sale
$3,125,000 USD
Apartments - FOR SALE
1/8
null | 6.22% Cap Rate

6828 S Trask St
Tampa, FL 33616
South Tampa


OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

16

PRICE/UNIT

$195,313

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Interbay Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

RS-40, Tampa

APN/PARCEL ID

A-17-30-18-42J-000070-00011.0

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.