Central Florida Multifamily
13841 Heritage Club Drive Tampa, FL 33613
13841 Heritage Club Drive, Tampa, FL, 33613
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For Sale
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Pending
534-unit portfolio with four multifamily properties, currently 95%+ occupied, offering a value-add renovation and loss-to-lease strategy.
Days on Market105
Property Features for 13841 Heritage Club Drive
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
JLL - Tampa, Florida
Listed by
Francesco Carriera · License #FL - 3102853
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 3:37PM Checked: Jul 22 at 3:37PM
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
Location Intelligence
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FAQs
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
