6064 Gibson Ave Tampa, FL 33617

Town Park Villas presents a compelling investment opportunity in Tampa, Florida's thriving Uptown Innovation District. This 68-unit multifamily community, constructed in 2009, offers a unique blend of size and amenity-rich living. The property boasts spacious townhome-style units, averaging 1,493 square feet, ranging from 1,230 to 1,778 square feet. Each unit includes a private one or two-car garage, a private balcony, and washer/dryer connections. The unit mix is comprised of 71% three-bedroom and 29% four-bedroom units, catering to a diverse renter base. The property benefits from its location near the University of South Florida (with over 50,000 students and 16,210 faculty and staff), a robust medical district undergoing a $1.25 billion expansion, and the RITHM @ Uptown 100-acre mixed-use redevelopment. Current effective rents average $1.43 per square foot, presenting immediate upside potential. Further upside is projected through operational efficiencies and planned rent increases, with four-bedroom units anticipated to see a $350 increase by the end of the first year. Comparable properties in the area are achieving rents $275 higher than Town Park Villas' current average, highlighting the significant value-add potential. The property's superior unit amenities and desirable location within a rapidly growing area make it an attractive investment prospect. The address is 6064 Gibson Ave, Tampa, FL 33617, in Hillsborough County.