Hyde Park Arbors
Closed104 S Armenia Ave, Tampa, FL 33609
Property type
Multifamily
Unit / Space count
16
Price
$1,920,000
Building size
9,636 sf
Rentable area
9,636 SF
Year built
1925
Year renovated
Occupancy
Zoning code
Lot size
0.15 Acres
Sold/status
Sold · Date unknown
Sale price
$1920000
Unit mix
2x
1br
Bedroom count
Property description
Hyde Park Arbors is a boutique 16-unit apartment community in Tampa, Florida. The property was constructed in 1925 with masonry/concrete and frame construction. The unit mix consists of 2 Studios at 500 SF, 6 1BR / 1BA units at 500 SF and 8 1BR / 1BA units at 525 SF. The property has been well-maintained and recently infused with over $100K of capital expenditures, including a new slight pitched roof, new sewer system (re-plumbed entire property), fire system, tankless water heaters and security camera system. There is a coin-operated washer and dryer on-site for laundry and a secure keypad for entry.
Property highlights
- Excellent Opportunity to Implement Value-Add Strategy Through Modern Interior Upgrades
- Rents Significantly Below Market ($175+ in Rental Upside)
- Over $100K in Recent CapEx Including New Roof & All New Sewer Plumbing Throughout
- Well-Maintained Asset with 15+ Year Ownership and Historically Strong Occupancy
- Premier “A” Location in Highly Desirable South Tampa Submarket (Plant High School District)
- 87 Walk Score – Located in the 2nd Most Walkable Neighborhood in Tampa
- Walkable to Publix Super Market at Hyde Park (0.2 Mi) & SoHo Entertainment District (0.3 Mi)
- Centrally Located in South Tampa Near Downtown (1.8 Mi), Interstate 275 (1.2 Mi), Hyde Park Village (1.0 mi) and Tampa International Airport (5.5 Mi)