12703 N 15Th St Tampa, FL 33612
Stabilized 8-unit complex near USF with room for growth.
Property Features for 12703 N 15Th St
General Information
- Standard status
- Active
Source:
Crexi
Listing Agency: Astra Properties Listing Agent: Frank Brito
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Stabilized Multifamily Complex Near USF
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.442581
- Latitude
- 28.0621931
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FAQs
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 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.**
