Central Florida Multifamily
For Sale
Contact for pricing
Pending
13841 Heritage Club Drive, Tampa, FL 33613
534-unit portfolio with four multifamily properties, currently 95%+ occupied, offering a value-add renovation and loss-to-lease strategy.
Property SizeContact for details
Days on Market119
Property Features for 13841 Heritage Club Drive
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
95%
Additional Details
Highway Access
Yes
Multifamily Units
534
Listing Agency:
JLL - Tampa, Florida
Listed By:
Francesco Carriera · License #FL - 3102853
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Aug 5 at 1:17PM
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 JLL - Tampa, Florida
Investment Insights
Based on property information with market context.
CBRE Multifamily is offering the Central Florida Portfolio, a 534-unit multifamily acquisition spanning the I-4/I-75/I-275 corridor between Orlando and Bradenton. The portfolio is currently 95%+ occupied and is positioned for an interior renovation value-add program, along with loss-to-lease recapture estimated at $310,000+.
The portfolio includes St. Moritz (168 units) in Tampa, Reserve at Lake Buchanan (151 units) in Orlando, Villas at 17th (131 units) in Kissimmee, and Cortez Plaza (84 units) in Bradenton. St. Moritz comprises sixteen buildings plus a clubhouse and features pitched shingle composition roofs, with a pool area and amenities. Reserve at Lake Buchanan highlights lakefront units with recreation lake access for all residents, as well as a pool and playground. Villas at 17th offers one-bedroom floor plans with modern tile flooring, and includes updated exterior paint. Cortez Plaza consists of three buildings and one clubhouse, with modern tile and amenities including a recently upgraded pool area; it also features screened-in “Florida Rooms” on first-floor units.
The included assets are described as built to support continued value-add efforts across remaining units, with multiple properties already undergoing unit and amenity upgrades as needed.
The portfolio includes St. Moritz (168 units) in Tampa, Reserve at Lake Buchanan (151 units) in Orlando, Villas at 17th (131 units) in Kissimmee, and Cortez Plaza (84 units) in Bradenton. St. Moritz comprises sixteen buildings plus a clubhouse and features pitched shingle composition roofs, with a pool area and amenities. Reserve at Lake Buchanan highlights lakefront units with recreation lake access for all residents, as well as a pool and playground. Villas at 17th offers one-bedroom floor plans with modern tile flooring, and includes updated exterior paint. Cortez Plaza consists of three buildings and one clubhouse, with modern tile and amenities including a recently upgraded pool area; it also features screened-in “Florida Rooms” on first-floor units.
The included assets are described as built to support continued value-add efforts across remaining units, with multiple properties already undergoing unit and amenity upgrades as needed.
Key Highlights
- 534‑unit Central Florida multifamily portfolio with four properties and 95%+ occupancy
- Portfolio value‑add strategy includes interior renovations and an increase of $180+ per unit per month
- Loss‑to‑lease strategy could recapture $310,000+ without any unit interior renovations
Property Analytics
Current Use
Lease Details
534
Residential units
95%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,602
Businesses Nearby
Explore this area
Business Placement
Demographics for 33613, FL
38,801
Population
17,686
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
84%
High-School Grad
7.4 sq mi
ZIP Area
5,243
Density / Sq Mi
$44,642
Median Household Income
$30,911
Median Earnings
$1,178
Median Rent
$219,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 534-unit portfolio with four multifamily properties, currently 95%+ occupied, offering a value-add renovation and loss-to-lease strategy.
Where is this apartment building located?
The property is located at 13841 Heritage Club Drive Tampa, FL.
What are key features of this property?
This property features: 534‑unit Central Florida multifamily portfolio with four properties and 95%+ occupancy; Portfolio value‑add strategy includes interior renovations and an increase of $180+ per unit per month; Loss‑to‑lease strategy could recapture $310,000+ without any unit interior renovations
