72-Unit Multifamily Housing
13036 Kain Palms Ct Tampa, FL 33612
13036 Kain Palms Ct, Tampa, FL, 33612
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For Sale
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72-unit multifamily complex offers a mix of one-, two-, and three-bedroom renovated units.
Property Size80,400 SF
Price / SF$211.44
Days on Market114
Property Features for 13036 Kain Palms Ct
General Information
- Standard status
- Active
- Size
- 80,400 SF
- Property subtype
- Multifamily
Listing agency
Manny Chamizo #1 Sotheby’s Commercial Broker
(786) 486-6655
Listed by
Manny Chamizo · License #0479698
Source
Crexi
Added: Mar 30 Updated: Jul 21 at 6:48AM Checked: Jul 21 at 6:48AM
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 Manny Chamizo #1 Sotheby’s Commercial Broker
Investment Insights
Based on property information with market context.
This is a 72-unit multifamily housing complex featuring a unit mix of 12 one-bedroom, 12 two-bedroom, and 48 three-bedroom units. The property is described as stabilized and underwent renovations of $10,000 per unit, including upgrades to the classic units and repainting the exterior of the building. The existing mix includes 12 one-bed/one-bath, 12 two-bed/one-and-a-half-bath, and 48 three-bed/two-bath apartments.
The property is located in the Uptown Tampa Innovation District and is less than 1 mile from the University of South Florida (USF) Tampa campus. It is also adjacent to multiple large employers, including Advent Health Tampa, Florida State University, and the James A. Haley VA Hospital.
For buyers or operators seeking a diversified apartment mix, the current configuration is weighted toward larger three-bedroom units, which may appeal to households looking for additional space.
The property is located in the Uptown Tampa Innovation District and is less than 1 mile from the University of South Florida (USF) Tampa campus. It is also adjacent to multiple large employers, including Advent Health Tampa, Florida State University, and the James A. Haley VA Hospital.
For buyers or operators seeking a diversified apartment mix, the current configuration is weighted toward larger three-bedroom units, which may appeal to households looking for additional space.
Key Highlights
- 72‑unit multifamily complex in the Uptown Tampa Innovation District
- Unit mix: 12 one‑bedroom, 12 two‑bedroom, and 48 three‑bedroom units
- Renovations include $10,000 per unit for upgrades, plus exterior repainting
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.71M | $21.24 |
| − Vacancy | −$121.2k | −$1.51 |
| EGI | $1.59M | $19.73 |
| − OpEx | −$713.9k | −$8.88 |
| NOI | $872.5k | $10.85 |
80,400 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$12.46M
$10.91M – $14.54M
NOI $872,547 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.31M
$16.03M – $21.37M
NOI $1,282,026 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 72-unit multifamily complex offers a mix of one-, two-, and three-bedroom renovated units.
Where is this apartment building located?
The property is located at 13036 Kain Palms Ct Tampa, FL.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: 72‑unit multifamily complex in the Uptown Tampa Innovation District; Unit mix: 12 one‑bedroom, 12 two‑bedroom, and 48 three‑bedroom units; Renovations include $10,000 per unit for upgrades, plus exterior repainting
