Bella Vista
Closed803 E 120th Ave, Tampa, FL 33612
Property type
Multifamily
Unit / Space count
16
Price
$2,065,000
Building size
12,544 sf
Rentable area
12,544 SF
Year built
1986
Year renovated
Occupancy
Zoning code
Lot size
2.00 Acres
Sold/status
Sold · Date unknown
Sale price
$2065000
Bedroom count
Property description
Bella Vista is a first-class 16-unit multifamily community in Tampa, FL. The property was originally constructed in 1986 with two-story concrete block construction, but recently underwent a complete interior/exterior renovation in 2018-2019. The property is currently finishing renovations and will be delivered fully occupied. The interiors received first-class finishes including granite countertops, stainless steel appliances, modern tile backsplash, new plumbing and lighting fixtures, and either new tile or plank vinyl flooring. The exterior capital expenditures include a brand new parking lot, new windows, and new central HVACs. In addition, the roof was replaced within the past 5 years so all major CapEx items have been completed making it an excellent turn-key investment opportunity. All of the units feature spacious 2 bedroom 1 bathroom floor plans approximately 784 square feet. Residents at Bella Vista enjoy washer/dryer connections in-unit and either outdoor patios or balconies. The property is extremely well-kept and the grounds are swept twice daily by a resident on-site. The property is safe and secure, with a new fence and privacy hedge that creates a sense of space and community for the residents. Located just off of Fowler Avenue, Bella Vista is within a 10-minute drive to many of Tampa's largest employers, including the University of South Florida (1.9 mi), Busch Gardens & Adventure Island (3.8 mi), James A Haley VA Hospital (1.9 mi), and Moffitt Cancer Center (2.8 mi). Other Tampa destinations are easily accessible from Interstate 275, including Downtown Tampa (7.4 mi/10 mins), Tampa International Airport (15.5 mi/20 mins), and more. Bella Vista is an attractive opportunity for an investor to acquire a completely turn-key, renovated asset in a high growth submarket located in close proximity to major employment and economic drivers.
Property highlights
- Property Currently Finishing Renovations/Lease-Up and will be Delivered Fully Occupied
- Spacious Floor Plans - 100% 2 Bedroom 1 Bath units at 784 SF
- Interior Renovations Include: Granite Countertops, Stainless Steel Appliances, Tile Backsplash, New Tile or Plank Vinyl Flooring, & Modern Fixtures & Finishes
- Significant Exterior CapEx Completed: New Parking Lot, New Windows, New Central HVACs, New Fencing, Lush Landscaping, Outdoor Pavers, Modern Lighting and Signage
- Individually Metered for Water/Sewer & Electric
- Washer/Dryer Connections in All Units
- Convenient Access to Interstate 275 Just 10 Minutes to Downtown Tampa (7.4 mi)
- Located In Tampa's Innovation Alliance (!p) District Within 2 Miles From the University of South Florida, Busch Gardens, Adventure Island, Moffitt Cancer Center, Advent Health, & Several Multi-Million Dollar Redevelopment Projects