TAMPA, FL 33615

Property

Ownership: Fee Simple
Type: Unknown
Lot Size: 1.8 Acres

Financials

Price:$4,052,000
Annual Taxes:$41,575.20
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of REALTY ONE GROUP ADVANTAGE

A 34 unit, 5 building garden style community on 1.

Description

A 34-unit, 5-building garden-style community on 1.78 acres in one of West Tampa's tightest-fundamental submarkets, minutes from Tampa International Airport and the Veterans Expressway. Built in 1983 and 94% occupied, this is a small-bay multifamily asset with real, in-place rent upside — not a pro forma story. The math: in-place 1-bedroom rents run $925 to $1,250 against a $1,144 average, and every point of that spread closes with routine turnover and light unit-level work — flooring's already been swapped in multiple units (9/2025, 11/2025), and a water heater replaced as recently as 7/2025. Electric is individually metered per unit, keeping the expense line clean; water runs on a single master meter. Offered at $4,052,000 — $119,176 per unit — against a 6.5% cap rate on 2026 annualized NOI of $263,384. Low density, low deferred maintenance, and a rent roll with room to run.

Amenities

  • Cable Connected
  • Electricity Connected
  • Garden
  • High ceiling
  • Lighting
  • Open Floorplan
  • Primary Bedroom - Main Floor
  • Sewer Connected
  • Sidewalk
  • Thermostat
  • Water Connected
  • Window Treatments

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.