Current Use by Public Records
- Apartment buildings
Property Details for 3915 Cortez Ave
- Lot size
- 0.77 lot acres
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity encompasses an 18-unit apartment building situated on a 0.77-acre lot in Tampa, Florida's Drew Park neighborhood. The property boasts a highly desirable central location, offering convenient proximity to Tampa International Airport, Raymond James Stadium, Steinbrenner Field, and various shopping centers. The building comprises three structures: two are constructed of block, and one is frame construction. The unit mix includes eleven one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and five studio apartments. Six units have separate electric meters, while the landlord covers electricity for the remaining twelve. Water and trash services are provided by the landlord. Currently, the property features long-term tenants, many on month-to-month leases, with rental rates below market value, presenting significant upside potential for future income growth through lease adjustments and property improvements. The property is zoned IG-Industrial General, permitting multifamily use. Cash or hard money financing is preferred. A drive-by is recommended before scheduling a viewing.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.5084
- Latitude
- 27.9919
