911 Waters Ave Tampa, FL 33604
This fully occupied, seven-unit apartment building at 911 W Waters Ave, Tampa, FL 33604, presents a compelling investment opportunity with immediate rental income. The property comprises seven one-bedroom, one-bathroom units. Its Commercial General (CG) zoning allows for versatile future development or mixed-use potential. Strategically located along major highways I-275 and US-41, it boasts high visibility and convenient access for tenants. Proximity to the Hillsborough Ave & Rome Ave bus stop enhances tenant convenience. The property's location near significant employers, including AdventHealth Tampa, the University of South Florida, and Tampa International Airport, contributes to strong tenant retention. Ample on-site parking is available. The property's position along a busy road offers high traffic exposure, beneficial for potential commercial tenants. This property is ideal for investors seeking to capitalize on Tampa's thriving rental market and benefit from the zoning's potential for future value-add opportunities. The asking price is $455,000. The property is scheduled for a walkthrough on November 19, 2024, and an auction on December 3, 2024, with a 5% buyer premium. The buyer is responsible for closing costs.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.