12703 N 15Th St Tampa, FL 33612

This stabilized 8-unit multi-family apartment complex is located in the rapidly growing university area of Tampa, less than 1 mile from the University of South Florida's Urban Core. The property has undergone over $200,000 in capital expenditures, including new roofs, exterior paint, landscaping, a paved parking lot, and separate water meters. A shared grass area is also present. Interior renovations feature new luxury vinyl flooring, shaker cabinets, quartz countertops, stainless steel appliances, and in-unit laundry. The unit mix includes two 1-bedroom/1-bathroom units, four 2-bedroom/1-bathroom units, one 3-bedroom/1-bathroom unit, and one 3-bedroom/2-bathroom unit. The current rent roll is $12,560. There is an opportunity for a new owner to recapture an average of $263 per unit per month, potentially increasing the total rent roll by $25,248. This property offers strong cash flow potential and appreciation opportunities.