The Uptown Portfolio presents a prime 12-unit, two-property investment opportunity in the rapidly emerging Uptown Tampa submarket. This well-built, single-story concrete block construction with pitched roofs offers durability and low maintenance. Fully occupied by long-term residents, the portfolio ensures strong in-place cash flow with an attractive 7.37% going-in cap rate. With a unit mix of 66% two-bedroom floor plans, the property caters to a diverse rental market, benefiting from consistent demand. Strategically located near major employers, this portfolio promises both stability and significant growth potential.
Situated near over $2 billion in recent developments, the Uptown Portfolio enjoys exceptional proximity to economic drivers and high-demand areas. Within just a few miles, tenants have access to over 74,000 jobs and 4,100 companies, including key employers like James A. Haley Veterans' Hospital, AdventHealth Hospital, and Moffitt Cancer Center. Additionally, the property is near major development projects such as the $1 billion Uptown University Mall redevelopment, the $256 million AdventHealth Expansion, and the $400 million Moffitt Cancer Center development. This position in one of Tampa’s most dynamic submarkets makes the Uptown Portfolio a highly attractive investment opportunity.