116-Unit Apartment
For Sale
Contact for pricing
7702 Rivergate Dr, Tampa, FL 33619
Market-rate apartments feature extensively upgraded interiors and recent improvements to roofs, windows, landscaping, and common-area presentation.
Property SizeContact for details
Days on Market140
Property Features for 7702 Rivergate Dr
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
116
Listing Agency:
Colliers - Tampa, Florida
(813) 470-4330
Listed By:
Casey Babb, CCIM · License #FL BK3023570
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 7:39PM
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 Colliers - Tampa, Florida
Investment Insights
Based on property information with market context.
Armature Park is a 116-unit apartment community at 7702 Rivergate Dr in Tampa, Florida. The property transitioned from income-restricted housing to 100% market-rate in 2020. Interior upgrades have been completed in 113 units, including Shaker cabinetry, subway-tile backsplashes, hardwood-style flooring, in-unit washers and dryers, stainless steel appliances, and granite countertops. Three units remain without those renovations.
Recent property improvements include new signage, roofs, exterior paint, landscaping, windows, and additional amenities. The site also supports construction of 24 units by right on the rear portion of the property. Existing operations recorded nearly 6% rent growth on new leases and 4% on renewals during the last 5 months, while Class B submarket rents increased 42% over the last 5 years. The property is approximately 10 minutes from downtown Tampa’s largest employers.
Recent property improvements include new signage, roofs, exterior paint, landscaping, windows, and additional amenities. The site also supports construction of 24 units by right on the rear portion of the property. Existing operations recorded nearly 6% rent growth on new leases and 4% on renewals during the last 5 months, while Class B submarket rents increased 42% over the last 5 years. The property is approximately 10 minutes from downtown Tampa’s largest employers.
Key Highlights
- 116‑unit apartment community converted to 100% market‑rate in 2020
- 113 units renovated, representing 97% of the community
- Updated units include in‑unit washers and dryers, stainless steel appliances, and granite countertops
Property Analytics
Property Profile
Current Use
Lease Details
116
Residential units
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
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 - Market-rate apartments feature extensively upgraded interiors and recent improvements to roofs, windows, landscaping, and common-area presentation.
Where is this apartment building located?
The property is located at 7702 Rivergate Dr Tampa, FL.
What are key features of this property?
This property features: 116‑unit apartment community converted to 100% market‑rate in 2020; 113 units renovated, representing 97% of the community; Updated units include in‑unit washers and dryers, stainless steel appliances, and granite countertops
