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Property profile

505 Caracas St Tampa, FL 33603

OFF-MARKET
Apartment buildings
Property ID
US18-1071271
View Sample
3,640 SF Built 1920

Property summary

AI-generated overview

This exceptional investment opportunity presents a charming four-unit apartment building located at 505 E Caracas St, Tampa, FL 33603, in Hillsborough County. Built in 1920, this property boasts a total of 3,640 square feet and offers a compelling price point of $1,000,000. Each of the four units is priced at $250,000, representing a strong value proposition for investors seeking a multifamily asset in a desirable Tampa location. The property's price per square foot is $275, reflecting its potential for appreciation and strong rental income. The building's historical character provides unique charm and appeal to tenants, while its location within Tampa offers convenient access to local amenities, businesses, and transportation networks. This is an excellent opportunity to acquire a well-positioned multifamily property with significant upside potential in a thriving Florida market. The property's solid construction and established tenancy make it an attractive investment for both seasoned and new investors seeking a stable and potentially lucrative addition to their portfolio. Detailed financial information and property reports are available upon request. This is a rare chance to own a piece of Tampa's history and secure a promising future in the real estate market.

Property profile

Verified
Property type Apartment buildings
Year built 1920
Total area 3,640 SF
UPID US18-1071271

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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