708 E Hollywood St, Tampa, FL 33604
Eleven-unit waterfront property near Seminole Heights with redevelopment potential.
- Added:
- Jul 14, 2025
- Days on Market:
- 350
- Last Refresh:
- Mar 16 at 1:20 pm
Property Features for 708 E Hollywood St
General Information
- Standard status
- Active
- Size
- 9,221 SF
- Lot size
- 0.80 Acres
- Property subtype
- Multifamily
Listing office Franklin Street Tampa
Listing date Jul 14, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street Tampa
HighLights
- Waterfront property on the Hillsborough River
- Redevelopment potential with future R‑20 zoning allowing up to 16 units
- Strong rental income potential with 11 existing units (ten 1‑bed/1‑bath, one 2‑bed/1‑bath)
- Additional income opportunities through boat dock rentals
- Located in a rapidly developing area near Seminole Heights
- Close proximity to major attractions, dining, and the University of South Florida
Overview
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 | $195.9k | $21.24 |
| − Vacancy | −$13.9k | −$1.51 |
| EGI | $181.9k | $19.73 |
| − OpEx | −$81.9k | −$8.88 |
| NOI | $100.1k | $10.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4541289
- Latitude
- 28.0197674