7-Unit Gated Townhome
For Sale
$1,325,000
12216 N 59th St, Tampa, FL 33617
Seven fully occupied townhome-style units feature gated access, a community pool, and reserved parking.
Property Size7,072 SF
Price / SF$187.36
Days on Market107
Property Features for 12216 N 59th St
General Information
Standard status
Active
Size
7,072 SF
Additional Details
Furnished
Yes
Building Details
Year Built
1984
Listing Agency:
TGG Home Authority LLC
Listed By:
Russell Lenard Goldstein
(561) 503-3648
Source:
Thepennteam
Added: Jul 7
Changed: Oct 2
Last Checked: Oct 7 at 3:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TGG Home Authority LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering is a fully occupied, 7-unit townhome-style community with gated access. The property features updated units, reserved parking, and a community pool, an amenity noted as uncommon for a 7-unit community.
The community includes units that are individually deeded, with four units currently fully furnished and operated as vacation rentals/Airbnb. The sale also includes a 0.40-acre parcel located behind the property.
The property is described as being less than 2 miles from University of South Florida, AdventHealth Hospital Tampa, VA Medical Center, and Moffitt Cancer Center, supporting a broad mix of local employment and education demand. It is also described as close to local retail, dining, hospitality, office uses, and Busch Gardens of Tampa Bay.
The community includes units that are individually deeded, with four units currently fully furnished and operated as vacation rentals/Airbnb. The sale also includes a 0.40-acre parcel located behind the property.
The property is described as being less than 2 miles from University of South Florida, AdventHealth Hospital Tampa, VA Medical Center, and Moffitt Cancer Center, supporting a broad mix of local employment and education demand. It is also described as close to local retail, dining, hospitality, office uses, and Busch Gardens of Tampa Bay.
Key Highlights
- 7 fully occupied townhome‑style rental units in a gated community
- Year built: 1984
- Community pool and reserved parking for residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,749
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,534,980
$1.5M
Cap Rate 7%
$1,096,414
$1.1M
Cap Rate 9%
$852,767
$852.8K
Market Conditions
NOI Build-Up for 7,072 SF
Gross rent
$150.2K $21.24/SF
− Vacancy
−$10.7K −$1.51/SF
EGI
$139.5K $19.73/SF
− OpEx
−$62.8K −$8.88/SF
NOI
$76.7K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,534,980
Cap Rate 7%
$1,096,414
Cap Rate 9%
$852,767
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$959.4K – $1.28M
NOI $76,749 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,330 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 33617, FL
48,267
Population
21,912
Households
2.2
Avg Household Size
33
Median Age
29%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
5,485
Density / Sq Mi
$48,651
Median Household Income
$33,710
Median Earnings
$1,337
Median Rent
$267,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven fully occupied townhome-style units feature gated access, a community pool, and reserved parking.
Where is this apartment building located?
The property is located at 12216 N 59th St Tampa, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 7 fully occupied townhome‑style rental units in a gated community; Year built: 1984; Community pool and reserved parking for residents
