5416 N 9th St. Tampa | 16 Unit Multifamily

Florida Commercial Group presents for sale, a low-rise apartment complex in the heart of Seminole Heights.

Attention Investors: HAMPTON TERRACE APARTMENTS, a garden- style, 16- unit apartment complex in a great Seminole Heights location- between Hillsborough Ave and 9th Street N, and Interstate 275 is available for sale. Excellent income potential! Currently 87.5% occupied with 90% tenant retention. This complex is being sold as is and consists of 16 units (8 2BR/1BA and 8 1BR/1BA), onsite laundry facilities and a multi-purpose room. NOI is approximately $150,000/year and is expected to increase. This property includes the opportunity to assume a mortgage at 3.98%. Call today for details.

INVESTMENT HIGHLIGHTS

• žValue Add Opportunity
• Seminole Heights was named one of the best places to live in Florida
• Prime investment opportunity for condo reconversion
• Assumable loan at 3.98% which matures in 2031
• Many multi-family development projects around subject site
• Immediate proximity to public transportation and Interstate 275
• Easy access from Hillsborough Ave.
• Plenty of resident parking
• High traffic corridor off Interstate 275, Nebraska Avenue and Hillsborough Ave.
• 2023 Total Population |15,733 - 1 Mile | 139,509- 3 Mile | 328,645- 5 Mile