708 E Hollywood St Tampa, FL 33604
For Sale
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River Club presents a rare opportunity to acquire 11 waterfront rental units along the scenic Hillsborough River in Tampa, FL. Situated on a spacious 0.8-acre lot, the property features ten 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, along with on-site laundry and dedicated parking. With future zoning of R-20, investors have the potential to redevelop the site into up to 16 waterfront units in the future. Additional income can also be generated through boat dock rentals, enhancing the property's long-term value and cash flow potential. Located near the heart of Seminole Heights, River Club is surrounded by a wave of new development including apartments, condos, and single-family homes. The property offers residents convenient access to major attractions such as Lowry Park Zoo, Rogers Park Golf Course, and Busch Gardens. It's also just 4.3 miles from the University of South Florida, which enrolls nearly 49,000 students. Tenants can enjoy some of Tampa’s most beloved local dining options nearby, making River Club both a lifestyle-centric and investment-savvy acquisition.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.