Branch Ave Flats
Closed4002 - 4004 N Branch Ave, Tampa, FL 33603
Property type
Multifamily
Unit / Space count
7
Price
$3,350,000
Building size
6,560 sf
Rentable area
6,560 SF
Year built
1985
Year renovated
Occupancy
APN
Multiple
Zoning code
Lot size
0.30 Acres
Bedroom count
Price per Unit
$478,571
Price per SF
$510.67
Property description
Branch Ave Flats is a newly renovated 7-unit multifamily property located in the heart of Seminole Heights, one of Tampa’s most dynamic and rapidly evolving neighborhoods. Featuring an attractive mix of spacious two-bedroom floor plans averaging 871 square feet, including three townhome-style layouts, the property offers residents modern living in a highly desirable urban setting surrounded by top retail, dining, and entertainment destinations. Built in 1985 with durable concrete block construction, Branch Ave Flats has undergone more than $120,000 in recent capital improvements. Each unit showcases vinyl wood flooring, granite countertops, stainless steel appliances, updated cabinetry, and in-unit washer and dryers, while exterior upgrades include a new roof (2024), Bermuda shutters, enhanced landscaping, and repaved parking. With strong in-place operations and additional rental upside potential, the property is ideally positioned near major redevelopment projects such as the $800 million Robles Park Village transformation and The Heights Riverfront District, offering investors a turnkey asset with continued growth potential in one of Tampa’s most sought-after submarkets.
Property highlights
- Renovated 7-Unit Multifamily Asset in the Highly Sought-After Seminole Heights Neighborhood
- Attractive Unit Mix Featuring Spacious 2-Bedroom Floor Plans Averaging 871 SF
- 3 of 7 Units are Two-Story Townhome-Style Layouts
- 1985 Concrete Block Construction with Pitched Roofs and Central HVAC
- Over $120,000 in Significant Capital Improvements Completed Under Current Ownership
- Each Unit Features Vinyl Wood Flooring, Granite Countertops, Stainless Steel Appliances Including Dishwashers, Updated Cabinetry, and In-Unit Washers and Dryers
- Recent Exterior Improvements Include 2024 Roof Replacement, Bermuda Shutters, Repaved Parking Lot, and Enhanced Landscaping
- Value-Add Potential with Average Annual Rental Upside of $7,550+
- Prime Location Near Retailers Such As Starbucks (0.4 Mi), Publix Super Market (0.6 Mi), Walmart Supercenter (0.9 Mi), Save-A-Lot (1.1 Mi)
- Located Just 1.5 Miles from the $800M Robles Park Village Redevelopment – a Future Mixed-Income, Mixed-Use Community Featuring 1,850+ Homes, Over 1,200 Affordable Units, Retail, a Community Resource Hub, and Zion Cemetery Memorial
- Convenient Access to Key Destinations & Entertainment: Downtown Tampa (3.3 Mi), Ybor City (3.4 Mi), Armature Works (4.9 Mi), Seminole Hard Rock Hotel & Casino (7.8 Mi)
- Nearby Major Employers Include St. Joseph’s Women’s Hospital (3.5 Mi), Tampa General Hospital (4.7 Mi), and University of South Florida (6.4 Mi)
- Ideally Positioned Less Than 5 Minutes from The Heights, a 40+ Acre Mixed-Use Riverfront Redevelopment Featuring Residential, Office, Retail, and Public Spaces
- Within Close Proximity to Gasworx, Tampa’s $3+ Billion, 50-Acre Master-Planned District Adding 5,000 Residential Units, 500,000 SF of Office, and 150,000 SF of Retail