BANK OWNED - Villa Palm Apartments

BANK OWNED. 68 unit apartment complex comprised in 13 buildings on 2.469 acres on 3 parcels of RMC-20 zoned land. 44 1br/1ba & 24 2br/1ba. On-site leasing office and laundry. The property is low-income housing with some of the units on subsidized rental programs. The property at its current occupancy of 46% still provides great room for upside potential. bank is only willing to accept ALL CASH OFFERS and propsect must provide proof of cash on hand. Complete offering memorandum available upon request.

The property is a 1/2 mile east of HWY-275 on Fletcher Avenue, then north 4 blocks on N19th Street to the intersection of E 139th Avenue. This site is in the North Tampa submarket near the University of South Florida.