Columbia Oaks Apartments
Closed12717 N 19th St, Tampa, FL 33612
Property type
Multifamily
Unit / Space count
24
Price
$1,841,667
Building size
23,184 sf
Rentable area
23,184 SF
Year built
1983
Year renovated
Occupancy
Zoning code
Lot size
1.45 Acres
Sold/status
Sold · Date unknown
Sale price
$1841667
Bedroom count
Property description
Columbia Oaks is a 24-unit multifamily community located in Tampa, Florida. The property was built in 1983 with all buildings consisting of concrete block construction and stucco exterior walls. The unit mix consists of 24 two bedroom two bathroom units of 830 square feet. There are 3 separate buildings on-site with 100% of the units being two bedroom two bathroom. Columbia Oaks is conveniently located close to the University of South Florida, one of the largest schools in the nation, and one of the area’s largest employers. Amenities on-site include an on-site laundry facility. Other large employers in the market include Busch Gardens and the Florida Hospital. Columbia Oaks presents an outstanding opportunity to own in the growing Tampa market with immediate rent upside and promising growth in the surrounding area for the foreseeable future.
Property highlights
- Current In-Place Cap Rate of 7.90%, with a Total Return of 15.34%
- Within Two Miles of The University of South Florida, One of the Largest Schools in the Country With an Annual Enrollment of Over 50,000 Students
- 1980’s Built Portfolio Consisting of 100% Two Bedroom Apartments
- Full Concrete Block Construction at Columbia Oaks
- Water & Sewer Is Individually Metered Recapturing Over 72% of the Utility Bill
- Major Employers in the Area Include Busch Gardens, The University of South Florida, Florida Hospital & The University Mall
- Washer and Dryer Connections in Units at Columbia Oaks
- East Accessibility to Downtown Tampa, Tampa International Airport, Pinellas County, and Much More Via I-275