The Club at Hidden River
Closed13564 Cypress Glen Lane, Tampa, FL 33637
Property type
Multifamily
Unit / Space count
77
Price
$15,785,000
Building size
112,051 sf
Rentable area
112,051 SF
Year built
2007
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Sale price
$15785000
Bedroom count
Property description
The Club at Hidden River features 77 out of 96 condo units in a Class A location in North Tampa, FL in Hillsborough County. The community features spacious units in 3 separate buildings; built in 2007. The unit mix consists of 37; 2 Bed 2 Bath units (1,283 SF), 30; 3 Bed 2 Bath units (1,550 SF), 10; 4 Bed 3 Bath units (1,808 SF). The Club at Hidden River is surrounded by over 500 master-planned acres of some of the highest rated A++ corporate office space in Tampa. The Hidden River and Telecom office parks include corporate offices for national brands such as Verizon Wireless, Aflac, Citi, Bausch & Lomb, Johnson & Johnson, Wells Fargo and Moffit Cancer Center. These companies create hundreds of jobs within just steps of The Club at Hidden River. Access to Interstate 75 is a breeze and provides easy access to other major employers in Downtown Tampa (15 Miles) and Westshore Business District (18 Miles). In addition to major employment options, The Club at Hidden River is within a 7 minute drive of the University of South Florida which annually enrolls over 50,000 students and staff. Recreationalists will find over 240 acres of conservation and parks nearby including Lettuce Lake Park and the University of South Florida Riverfront Park which is situated along the 60 mile long Hillsborough River. These parks feature kayak rentals and miles of walking/jogging trails through canopies of oak and pine trees. Condo interior upgrades include wooden cabinets, granite countertops, black & stainless steel appliances, vinyl wood & tile flooring, new paint, ceiling fans and upgraded lighting. In-unit amenities include vaulted 9 foot ceilings, balconies, washers and dryers, walk-in closets, water views, breakfast bars, garden tubs and stand-up showers in select units. The community offers several luxury amenities including elevators, a clubhouse with media center (Recently underwent a $180k renovation), a resort-style pool and spa, secured access gates, fitness center and rentable garages. Investors have the opportunity to add value through light interior and exterior renovations. Interior upgrade options include stainless steel appliances, tiled kitchen backsplashes, screened-in patios and smart door locks and thermostats. Exterior upgrade options include a dog park, playground and an outdoor kitchen. The Club at Hidden River offers a unique opportunity to acquire a condo quality asset in a great location at well below replacement cost. The growth of Tampa will benefit this location and community as it offers the perfect remote work option for the discerning resident. The class A location situated near several major economic drivers, paired with modern amenities and excellent roadway access, creates the ideal multifamily investment in the current and future market.
Property highlights
- Value Add Opportunity Located in the High-End, 513 Acre Hidden River Corporate Park
- 2007 Vintage Product with Large Units and Excellent Unit Mix With 9 Foot Ceilings
- High Quality Condo Construction with Elevatored Buildings
- Clubhouse Recently Received $180,000 Renovation
- Spacious Units with 1,455 SF Average Floor Plans
- Interior Finishes Include Granite Countertops, Black & Stainless Steel Appliances, Vinyl Wood & Tile Flooring, New Paint, Upgraded Lighting, Balconies, Washers & Dryers, Breakfast Bars, Garden Tubs and Stand-Up Showers in Select Units
- Community Offers Luxury Amenities Including Elevators, a Clubhouse with Media Center, Resort-Style Pool & Spa, Secured Gated Access, Fitness Center & Rentable Garages
- Value-Add Opportunity to Undergo a Light Interior & Exterior Renovation Program
- Surrounded by 2 of Tampa’s Highest Rated A++ Corporate Office Parks Including Hidden River & Telecom Park Where Employers Include Verizon Wireless, Aflac, Citi, Bausch & Lomb, Johnson & Johnson, Wells Fargo and Moffitt Cancer Center
- Convenient Access to Interstate 75 Which Provides an Easy Connection to Downtown Tampa (15 Miles) & Westshore Business District (18 Miles)
- A 7 Minute Drive from the University of South Florida Which Annually Enrolls Over 50,000 Students & Staff
- Neighboring the Hillsborough River & Over 240 Acres of Conservation, Parks and Jogging/Walking Trails, Including the USF Riverfront Park and Lettuce Lake Park