Stabilized Multifamily Complex Near
For Sale
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12703 N 15th St, Tampa, FL 33612
Stabilized 8-unit complex near USF with room for growth.
Property SizeContact for details
Days on Market183
Property Features for 12703 N 15th St
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
RMC-20
Listing Agency:
Astra Properties
Listed By:
Frank Brito · License #BK3542409
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Astra Properties
Investment Insights
Based on property information with market context.
This stabilized 8-unit multi-family apartment complex is located in the rapidly growing university area of Tampa, offering substantial room for growth. Situated less than 1 mile from the University of South Florida's Urban Core, the property has undergone over $200,000 in capital expenditures. These improvements include new roofs, exterior paint, landscaping, a paved parking lot, and separate water meters. 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 $13,369.27. A new owner has the ability to recapture an average of $263 per unit per month, increasing the total rent roll by $25,248. The property offers a strong cash flow.
Key Highlights
- Stabilized 8‑unit multi‑family apartment complex in Tampa's rapidly growing university area.
- Significant potential to increase rent roll by $25,248 by recapturing an average of $263/month per unit.
- Over $200k in CapEx improvements, including new roofs, exterior paint, landscaping, and paved parking lot.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 8-unit complex near USF with room for growth.
Where is this apartment building located?
The property is located at 12703 N 15th St Tampa, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Stabilized 8‑unit multi‑family apartment complex in Tampa's rapidly growing university area.; Significant potential to increase rent roll by $25,248 by recapturing an average of $263/month per unit.; Over $200k in CapEx improvements, including new roofs, exterior paint, landscaping, and paved parking lot.**
