Renovated 12-Unit Apartment
7802 Colonial Club Ct Riverview, FL 33578
7802 Colonial Club Ct, Riverview, FL, 33578
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For Sale
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Renovated 12-unit multifamily property with central HVAC, updated interiors, and in-unit washer/dryer service.
Property Size9,744 SF
Price / SF$215.52
Days on Market149
Property Features for 7802 Colonial Club Ct
General Information
- Standard status
- Active
- Size
- 9,744 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1982
Listing agency
Franklin Street Tampa
Listed by
Eve Lowry · License ##SL3546854
Source
Crexi
Added: Feb 23 Updated: Jul 21 at 3:51AM Checked: Jul 21 at 3:51AM
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
Investment Insights
Based on property information with market context.
Colonial Club Apartments is a renovated 12-unit apartment community built in 1982 with concrete block construction and pitched roofs. The property features central HVAC and a unit mix of spacious two-bedroom floorplans, with washers and dryers provided. Recent capital improvements include extensive interior renovations to nearly all units, major system upgrades, fresh exterior paint, and enhanced landscaping.
The community is located in the Riverview, FL submarket and sits approximately 12 miles from Downtown Tampa. Nearby national retailers include ALDI, The Home Depot, Target, Publix, and Walmart, supported by additional healthcare and retail development referenced in the area.
Unit interiors are described as modernized, with LVP flooring, white shaker cabinets, stainless steel appliances, and updated kitchens and baths. The property is positioned for stable in-place cash flow, with additional upside referenced through full implementation of the RUBS program.
The community is located in the Riverview, FL submarket and sits approximately 12 miles from Downtown Tampa. Nearby national retailers include ALDI, The Home Depot, Target, Publix, and Walmart, supported by additional healthcare and retail development referenced in the area.
Unit interiors are described as modernized, with LVP flooring, white shaker cabinets, stainless steel appliances, and updated kitchens and baths. The property is positioned for stable in-place cash flow, with additional upside referenced through full implementation of the RUBS program.
Key Highlights
- 12‑unit multifamily community built in 1982 with concrete block construction and pitched roofs
- All units feature central HVAC and provide in‑unit washer/dryer service
- Unit mix includes spacious 800 SF two‑bedroom floorplans
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 | $226.8k | $23.28 |
| − Vacancy | −$12.0k | −$1.23 |
| EGI | $214.8k | $22.05 |
| − OpEx | −$96.7k | −$9.92 |
| NOI | $118.1k | $12.13 |
9,744 SF · lease $23.28/SF/yr · vacancy 5.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,150 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,721 @ 7.0% cap · market cap 10.13%
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 - Renovated 12-unit multifamily property with central HVAC, updated interiors, and in-unit washer/dryer service.
Where is this apartment building located?
The property is located at 7802 Colonial Club Ct Riverview, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12‑unit multifamily community built in 1982 with concrete block construction and pitched roofs; All units feature central HVAC and provide in‑unit washer/dryer service; Unit mix includes spacious 800 SF two‑bedroom floorplans
