813-462-4214
8870 W Waters Ave, Tampa, FL for Sale
Apartments - FOR SALE
1/48
null | Request Cap Rate

8870 W Waters Ave
Tampa, FL 33615
Town 'N' Country


HIGHLIGHTS

  • 8870 W Waters Avenue presents the Citrus Run Apartments, a stabilized multifamily investment opportunity under LOI.
  • Attractive value-add opportunity to renovate 100% of the units and achieve rent premiums of over $200/unit.
  • Competitive and abundant amenity set at each community with a clubhouse, swimming pool, fitness center, and washer/dryers in all units.
  • Strong performance with less than 10% effective vacancy, positive revenue growth and little concessions.

OVERVIEW

Cushman & Wakefield, as the exclusive listing brokerage, is pleased to present the investment opportunity to acquire the Citrus Run Apartments in Tampa, FL, to the market under LOI. The 72-unit apartment complex, built in 2015 and renovated in 2018, spans 66,323 square feet on a 7.06-acre parcel. The complex offers 42 one-bedroom/ one-bath units, averaging 937 square feet, and 30 two-bedroom/ two-bath units, averaging 1,250 square feet. Citrus Run Apartments feature on-site amenities like the outdoor community pool, grills, a wooden pavilion with walking trails, a fitness center, and a fenced-in dog park. Each unit has a washer/ dryer, dishwasher, disposal, stainless steel appliances, walk-in closets, and modern finishes throughout. Inquire today to learn more about the LOI and cash flow of the Citrus Run Apartments.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

72

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citrus Run Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.06 AC

LAND SF

307,562 SF

ZONING

RMC-12

APN/PARCEL ID

U-27-28-17-97G-000000-00001.0

ASK ABOUT THIS PROPERTY

Mike DonaldsonCushman & WakefieldMore Info
813-462-4214

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Mike DonaldsonCushman & WakefieldMore Info
813-462-4214

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