Friendship Palms
Closed1306 W Waters Ave, Tampa, FL 33604
Property type
Multifamily
Unit / Space count
24
Price
$2,000,000
Building size
19,728 sf
Rentable area
19,728 SF
Year built
1984
Year renovated
Occupancy
Zoning code
Lot size
1.38 Acres
Sold/status
Sold · Date unknown
Sale price
$2000000
Bedroom count
Property description
Friendship Palms is a 24 unit apartment community comprised of 6 buildings and built in 1984 of concrete block construction. The property features 100% 2 bedroom 1 bathroom units at 812 square feet with washer/dryer connections in all units. Since the property is currently owned by a non-profit organization and will be delivered vacant, Friendship Palms offers the buyer the ability to upgrade the units and lease-up at market rents. Friendship Palms is ideally positioned in close proximity to primary transportation routes, the area's largest employment center, and a wide array of shopping and dining options. The property is located in a desirable infill location just south of the Carrollwood area of Tampa and only five miles from both Tampa International Airport and the Westshore Business District.
Property highlights
- Property was Sold by Non-Profit & the Property Was Delivered 100% Vacant
- Buyer Planning to Implement Value-Add Renovation and Lease-Up Strategy
- Well-Maintained 1980's-Built Concrete Block Construction Built In 1984
- Spacious Two Bedroom One Bath Units with Washer/Dryer Connections