APARTMENTS
Multifamily
Income, expenses, and cap rate for small apartment buildings. Review unit mix and occupancy before you tour.
Meadow Glen Apartments
28410 State Road 54, Wesley Chapel 33543 · 48 units · 1998
Value-add garden product inside the Wesley Chapel renter shed. In-place rents trail market by ~$140/door. Insurance and 1990s systems are the questions to ask; the cap is honest at this basis.
- Ask
- $6,850,000
- Offer
- $6,520,000
- Cap
- 7.8%
- $/door
- $135,833
- Occ.
- 94%
301 Flats
37820 5th Avenue, Zephyrhills 33542 · 16 units · 1986
True small-balance multifamily. Sub-$120k/door in a cash-flow zip. Needs a rent roll audit and a plumbing camera. Perfect add-on for an investor already buying Zephyrhills townhomes.
- Ask
- $1,895,000
- Offer
- $1,760,000
- Cap
- 7.5%
- $/door
- $110,000
- Occ.
- 91%
10th Ave Walk-Ups
5108 E 10th Avenue, Tampa 33619 · 8 units · 1972
East Tampa walk-up. Basis works; operations are the product. Pass if you are not set up for self-manage or a local 8–20 unit operator. Flood and insurance quotes before LOI.
- Ask
- $1,125,000
- Offer
- $1,040,000
- Cap
- 7.0%
- $/door
- $130,000
- Occ.
- 88%