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    1411 Mohawk Ave Tampa, FL 33604

    Sponsored
    For Sale
    $1,800,000

    10-Unit Multifamily Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 10-unit apartment building in Tampa, Florida presents a compelling investment opportunity. The property, situated on a 0.3-acre lot at 1411 E Mohawk Ave, Tampa, FL 33604, consists of two, two-story buildings totaling 7,176 net rentable square feet, constructed in 1983 of concrete block. Currently boasting a 6.57% cap rate and $118,283 NOI, pro forma projections indicate a 7.42% cap rate and $142,105 NOI, representing a significant upside potential. The property features an attractive unit mix, primarily two-bedroom units. Its strategic location offers convenient access to major roadways, including I-275, providing easy commutes to Downtown Tampa, Westshore, St. Petersburg, and Clearwater. Furthermore, its proximity to Raymond James Stadium, Seminole Hard Rock Casino, Busch Gardens, and the vibrant Seminole Heights neighborhood with its acclaimed restaurants adds to its appeal. The property is zoned SH-CI and is located in Hillsborough County, one of the nation's fastest-growing counties. This multifamily investment offers a strong current return with substantial growth potential. The APN is A-31-28-19-4KC-000017-00008.0, A-31-28-19-4KC-000017-00009.0. Asking price is $1,800,000.

    Property Features for 1411 Mohawk Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1983
    Buildings
    2
    Stories
    2
    Units
    10

    HighLights

    • 10‑unit multifamily property in Tampa, FL.
    • Majority two‑bedroom unit mix.
    • 1983 concrete block construction.
    • Significant upside potential; 23% EGI increase projected within two years.
    • 0.6 miles to I‑275, providing easy access to Downtown Tampa, Westshore, St. Petersburg, and Clearwater.
    • Four miles to Downtown Tampa.
    Property Profile Location Intelligence

    Current Use by Public Records

    Court View Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.44437206
    Latitude
    27.99700477

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    FAQs

    What type of property is this?
    Multifamily property - 10-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 1411 Mohawk Ave Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 10-unit multifamily property in Tampa, FL.; Majority two-bedroom unit mix.; 1983 concrete block construction.
    Request Owner's contact information
    1411 Mohawk Ave Tampa, FL 33604
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    Tampa, FL 33604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1411 Mohawk Ave Tampa, FL 33604
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