Newport Villas
Closed601 & 603 S Newport Ave, Tampa, FL 33606
N/A8 units7,775 SF
Multifamily1925
Property type
Multifamily
Unit / Space count
8
Price
N/A
Building size
7,775 SF
Year built
1925
APN
A-23-29-18-4T6-W00000-00019.0
Unit mix
3 1br, 5 2br
Property description
Newport Villas is an 8-unit trophy asset made up of two neighboring quadplexes in Tampa’s highly coveted Hyde Park submarket. The property was sold off market to a first-time multifamily buyer, who plans to self-manage. Just steps from the shopping and dining of Hyde Park Village, Newport Villas stands out as a rare investment opportunity. Recent upgrades include new roofs, structural improvements, all new wiring, and in-unit laundry in most residences, along with an additional on-site facility.
Property highlights
- 8-Unit Trophy Asset, Made Up of Two Neighboring Quadplexes, in the Hyde Park Submarket of Tampa, FL
- Property Sold Off Market to a First-Time Multifamily Buyer
- Sourced a Local Buyer with Plans to Self-Manage
- Property is Within Walking Distance to High-End Shopping and Dining in the Popular Hyde Park Village
- Recent Upgrades include New Roofs, Structural Improvements, All New Wiring, and Laundry in 63% of Units w/ Additional Facility on Site