10500 Bridgewood DrRiverview, FL 33578

Property Details for 10500 Bridgewood Dr

Lot size

2.30 AC

Property size (Sq ft)

5,486 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional Class A investment property in Riverview, Florida, presents a unique opportunity. Situated on a 2.3-acre lot with 258 feet of Alafia River frontage leading to Tampa Bay and the Gulf of Mexico, this mixed-use property boasts 5,486 square feet of net rentable space. The portfolio comprises four rental units: two three-bedroom, two-bathroom homes and two one-bedroom apartments. All units are currently 100% occupied, generating a Net Operating Income (NOI) of $101,800. The property also includes a boat lift, a boat ramp, and five docks, all currently generating rental income. Renovated in 2019, the property is zoned ASC-1 and offers significant redevelopment potential. The asking price is $2,500,000, representing a price per square foot of $455.71 and a price per unit of $625,000. The property currently holds a Hillsborough County business license for boat repairs, further enhancing its income potential. This prime waterfront location offers an ideal blend of residential and commercial possibilities.

Location Insight

City

Riverview

County

Hillsborough

State

Florida

Latitude

27.8687

Longitude

-82.33

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