Casita Bella
Closed13802 N 21st St & 1609 E 143rd Ave, Tampa, FL 33613
Property type
Multifamily
Unit / Space count
16
Price
$760,000
Building size
9,640 sf
Rentable area
9,640 SF
Year built
1969
Year renovated
Occupancy
Zoning code
Lot size
1.04 Acres
Sold/status
Sold · Date unknown
Sale price
$760000
Bedroom count
Property description
Casita Bella is a 20-unit multifamily offering located in Tampa, FL. The offering consists of 10 single-story concrete block duplexes with pitched roofs. Eight of the duplexes are situated on a .8-acre parcel on N 21st St and feature tile flooring throughout. Two of the duplexes are situated on a .24-acre parcel on E 143rd Ave just .6 miles away and have recently undergone a complete gut renovation, including: new roofs, windows, appliances, cabinets, counter tops and tile flooring. The unit mix consists of 20- 1 Bedroom 1 Bathroom units. Casita Bella is centrally located in the University North submarket, nearby by to some of Tampa Bay’s largest employers, including the University of South Florida, The Veterans Hospital, University Mall, and Busch Gardens. The University North area ranks as one of the largest submarkets in the Tampa Bay-St Petersburg MSA with 10.3% of the apartment inventory, and ranks as one of the top submarkets in terms of occupancy, with an average vacancy rate of 2.6% in Q3 2017. Casita Bella offers the investor an opportunity to acquire a value add opportunity with strong cash flow potential and a proven renovation strategy.
Property highlights
- Value-Add Opportunity with Strong Cash Flow Potential
- Two out of Ten Buildings Newly Renovated: New Roofs, Windows,
- Appliances, Cabinets, Counter Tops and Tile Flooring
- All Units Feature Tile Flooring
- Highly Desirable Concrete Block Construction with Pitched Roofs
- Centrally Located in North Tampa Near the University of South
- Florida, The Veteran’s Hospital, University Mall and Busch Gardens
- University North Submarket Average Vacancy of 2.6% for Q3 2017
- Easy Accessibility to Downtown Tampa, Tampa International Airport, and I-275