4011 Columbus Dr Tampa, FL 33605-3224

Property Details for 4011 Columbus Dr

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.50 lot acres

Property size

58,680 SF

Zone code

IG

Property type

Hotels

APN

A1629194CZ000017000001

APU

A1629194CZ000017000001

Description

This exceptional 116-unit multifamily investment property, located at 4011 E Columbus Dr, Tampa, FL 33605, presents a compelling opportunity. The two-story building, constructed of concrete block and brick with a concrete second floor, boasts 288 sq ft studio apartments. A brand-new roof was installed in 2024. Currently undergoing renovations, the property will be fully renovated upon closing. The property sits on a sizable lot with potential for expansion; zoning permits allow for daily, weekly, monthly, or yearly rentals. A pro forma projection, based on a weekly rental rate of $350 per unit, estimates a gross yearly income of $2,111,200. Yearly operating expenses are projected at $844,480, resulting in a net income of $1,266,720. The potential for additional units (approximately 100) on the existing land significantly enhances the long-term investment value. This property is priced at $9,000,000 and offers a strong return on investment. The Hillsborough County location provides excellent access to Tampa's vibrant economy and amenities. This is a rare opportunity to acquire a well-positioned, income-generating asset with significant upside potential.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Longitude

-82.4127

Latitude

27.9663

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments