Hollywood & Villa Del Rio
Closed708 E Hollywood St, Tampa, FL 33604
Property type
Multifamily
Unit / Space count
11
Price
$1,350,000
Building size
9,221 sf
Rentable area
9,221 SF
Year built
1925
Year renovated
Occupancy
Zoning code
Lot size
0.81 Acres
Sold/status
Sold · Date unknown
Sale price
$1350000
Bedroom count
Property description
Hollywood & Villa Del Rio is an 11 unit waterfront multifamily property located in the Seminole Heights District, 6 miles from Downtown Tampa in Hillsborough County, FL. The property is comprised of 4 one & two story buildings that were built in the 1920s. Each building features wood frame construction with 3 buildings having pitched roofs and 1 building with a flat roof. The property sits on a 0.81 acre lot along the Hillsborough River. Residents enjoy a variety of amenities including stained hardwood floors, white appliances, open & spacious floor plans, private patios, beautiful river views, natural lighting and a canoe & boat storage area. A strategic value-add opportunity exists for an investor to complete light interior and exterior renovations to increase unit and community amenities. Residents are just minutes away from the heart of the Seminole Heights District, which features some of Tampa's best shopping and dining. Popular nearby retailers include Walmart Supercenter (2.4 Mi), Publix (1.4 Mi), The Home Depot (1.2 Mi), Planet Fitness (1.1 Mi) and Wawa (1.0 Mi). Major employers in the area include ZooTampa at Lowry Park (2.0 Mi), the University of South Florida (4.1 Mi & 4,000+ employees), Busch Gardens (3.3 Mi), Adventure Island (3.5 Mi), James A. Haley Veteran's Hospital (4.9 Mi & 4,700+ employees), AdventHealth Tampa (5.3 Mi & 2,300+ employees) and Moffitt Cancer Center (5.2 Mi & 6,000+ employees). Hollywood & Villa Del Rio offers an investor the opportunity to acquire a waterfront, high occupancy, value-add asset in one of Tampa's most prime locations.
Property highlights
- Sold at Full Asking Price During COVID-19 Pandemic
- Contract Signing to Closing in 60-Day Timeline
- Franklin Street Capital Arranged the Financing
- Buyer Planning Strategic Value-Add Opportunity with Select Interior and Exterior Renovations
- Waterfront Property Along the Hillsborough River - Located in the Historic Seminole Heights District