Renovated Apartment
For Sale
Contact for pricing
6829 South De Soto Street, Tampa, FL 33616
Updated residences combine durable construction with modern finishes, smart-home features, and washer/dryer connections.
Property Size5,472 SF
Price / SF$222.04
Days on Market80
Property Features for 6829 South De Soto Street
General Information
Standard status
Active
Size
5,472 SF
Property subtype
Multifamily
Investment Type
Value Add
Additional Details
Highway Access
Yes
Amenities
granite countertops
stainless steel appliances
smart home technology
washer/dryer connections
Building Details
Year Built
1984
Buildings
2
Stories
2
Units
7
Construction
concrete block
Listing Agency:
Franklin Street Tampa
Listed By:
Geno Cronin · License #SL3612814
Source:
Crexi
Added: Aug 3
Changed: Oct 18
Last Checked: Oct 20 at 7:58PM
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 Franklin Street Tampa
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated apartment community offers two-bedroom, one-bath residences averaging approximately 754 square feet. Built in 1984, the property uses concrete block construction with pitched roofs. Interior improvements include granite countertops, stainless steel appliances, smart home technology, and washer/dryer connections. Apartments have individually metered electricity, while water and sewer are administered through a RUBS program.
The property includes four on-site storage units that are currently unmonetized. Its South Tampa setting places it minutes from MacDill Air Force Base, Downtown Tampa, and the Westshore Business District, with connectivity through Gandy Boulevard, Dale Mabry Highway, and the Selmon Expressway.
The property includes four on-site storage units that are currently unmonetized. Its South Tampa setting places it minutes from MacDill Air Force Base, Downtown Tampa, and the Westshore Business District, with connectivity through Gandy Boulevard, Dale Mabry Highway, and the Selmon Expressway.
Key Highlights
- Renovated two‑bedroom, one‑bath apartments averaging approximately 754 square feet
- 1984 concrete block construction with pitched roofs
- Granite countertops, stainless steel appliances, and smart home technology
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,385
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,700
$1.2M
Cap Rate 7%
$848,357
$848.4K
Cap Rate 9%
$659,833
$659.8K
Market Conditions
NOI Build-Up for 5,472 SF
Gross rent
$116.2K $21.24/SF
− Vacancy
−$8.3K −$1.51/SF
EGI
$108.0K $19.73/SF
− OpEx
−$48.6K −$8.88/SF
NOI
$59.4K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,700
Cap Rate 7%
$848,357
Cap Rate 9%
$659,833
Alternative Uses
Best Use
Apartment 5plus
$848.4K
$742.3K – $989.8K
NOI $59,385 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,237 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 33616, FL
14,802
Population
7,068
Households
2.1
Avg Household Size
36
Median Age
47%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
3,795
Density / Sq Mi
$88,971
Median Household Income
$54,946
Median Earnings
$1,794
Median Rent
$369,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated residences combine durable construction with modern finishes, smart-home features, and washer/dryer connections.
Where is this apartment building located?
The property is located at 6829 South De Soto Street Tampa, FL.
What is the asking price?
The asking price for this property is $1,215,000.
What are key features of this property?
This property features: Renovated two‑bedroom, one‑bath apartments averaging approximately 754 square feet; 1984 concrete block construction with pitched roofs; Granite countertops, stainless steel appliances, and smart home technology
