1411 Mohawk Ave Tampa, FL 33604
- Commercial real estate
- 0.30 lot acres
Current Use by Public Records
- Court View Apartments / Apartment Building
Property Details for 1411 Mohawk Ave
- Year built
- 1983
- Lot size
- 0.30 lot acres
- Property type
- Commercial real estate
- APN
- A-31-28-19-4KC-000017-00008.0, A-31-28-19-4KC-000017-00009.0
Description
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.
Value Estimation
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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
- -82.44437206
- Latitude
- 27.99700477
