Friendship Village Apartments
Closed12425 Friendly Village Court, Tampa, FL 33612
Property type
Multifamily
Unit / Space count
13
Price
$1,640,000
Building size
13,642 sf
Rentable area
13,642 SF
Year built
2014
Year renovated
Occupancy
Zoning code
Lot size
1.78 Acres
Sold/status
Sold · Date unknown
Sale price
$1640000
Bedroom count
Property description
Friendship Village is a 13 unit multifamily community comprised of 4 buildings located in Tampa, FL. The buildings feature concrete block & wood frame construction and pitched, shingle roofs. The total gross building size is 13,642 SF and the total lot size spans 1.78 acres. The property features 3, single-story buildings comprised of 9 total units and 1, two-story building comprised of 4 total units. Friendship Village is well located in the Innovation Alliance (Potential Unleashed) District of Tampa, which is surrounded by over 74,000 jobs, 4,100 companies, and over $1 billion in nearby developments. Employers within 2 miles of the portfolio include the James A. Haley Veterans’ Hospital, Advent Health, Moffitt Cancer Center, University Mall, Yuengling Brewery, Busch Gardens, Adventure Island, and Pepsi Co. The University of South Florida is within a 5 minute drive of the property and in 2021 was ranked America’s Fastest-Rising University by U.S. News & World Report. Friendship Village represents an excellent opportunity to acquire a well maintained, multifamily property in Tampa’s Uptown District. The strong nearby city development, combined with major nearby employers ensures continued rental demand in the current and future market.
Property highlights
- 13-Unit Multifamily Community in Uptown District of Tampa, FL
- Sold at Full Asking Price to a 501(c)3 Not for Profit Organization
- Built in Two Phases on Adjacent Parcels Including 3 Triplexes Built in 2014 & 1 Quadplex Built in 1984
- Subject to a Neighborhood Stabilization Program (NSP) LURA through Hillsborough County with Income and Rent Restrictions
- Located 1.6 Miles from the University of South Florida, One of the Nation’s Largest Public Universities with Over 50,000 Students & 16,000 Staff Members
- Convenient to Over $2 Billion in New Developments Including the $1 billion “Uptown” University Mall Development (1.5 Mi), the Yuengling Brewery Campus Expansion Development (2.5 Mi), the $256 million Advent Health Expansion Development (2.2 Mi), and the $400 million Moffitt Cancer Center Development (2.2 Mi)
- Located in Close Proximity to Over 74,000 Jobs & 4,100 Companies Including Major Employers Such As Advent Health Hospital (2.2 Mi), Veteran’s Hospital (1.4 Mi), Moffitt Cancer Center (2.2 Mi), Busch Gardens (3.6 Mi), Yuengling Brewery (2.5 Mi), and PepsiCo (2.2 MI)