Oak Bend
Closed1550 University Woods Pl, Tampa, FL 33612
Property type
Multifamily
Unit / Space count
112
Price
$6,700,000
Building size
119,248 sf
Rentable area
119,248 SF
Year built
1986
Year renovated
Occupancy
Zoning code
Lot size
6.31 Acres
Sold/status
Sold · Date unknown
Sale price
$6700000
Bedroom count
Property description
• Approximately 30% of the Units on Site Have Been Completely Renovated and 20% Have Been Partially Renovated, Leaving Significant Upside Potential Through the Completion of Capital Projects • 100% Large, Spacious, and Functional Two-Bedroom Floor Plans with a Weighted Average of 993 Square Feet • Swimming Pool Area with Sundeck, Brand New Laundry Facility, Coffee Cafe with Free Wi-Fi, and a Newly Remodeled Fitness Center • Centrally Located in North Tampa Near USF, The Veterans Hospital, University Mall, and Busch Gardens • Easy Accessibility to Downtown Tampa, Tampa International Airport, Pinellas County, and Much More Via I-275 Oak Bend Apartments is a 112-unit garden style apartment community located in Tampa, Florida. The property consists of 15 residential buildings and 1 leasing office building spread across approximately 6.31 acres of land. The residential buildings are all wood frame with a pitched roof and each was constructed in 1986. The unit mix at Oak Bend consists of 104 2Bdr-2Bath apartments (972 SF) and 8 2Bdr-2.5Bath apartments (1,268 SF). Each apartment home comes with two master-size bedrooms with large walk-in closets and private bathrooms, a large kitchen pantry, and valet trash service. Some of the apartments have beautifully renovated kitchens. The community amenities include a swimming pool and sundeck area, brand new laundry facility, coffee cafe with Wi-Fi, and a remodeled fitness center. Presently over 30% of the units at the property have been completely renovated and 20% have been partially renovated, leaving significant room for rental upside and added value through the completion of the rehab projects.