Uptown Portfolio
Closed1915-1921 E 139th Ave & 13809 N 20th St, Tampa, FL 33613
Property type
Multifamily
Unit / Space count
12
Price
$1,575,000
Building size
8,040 sf
Rentable area
8,040 SF
Year built
1972
Year renovated
Occupancy
Zoning code
Lot size
0.63 Acres
Sold/status
Sold · Date unknown
Sale price
$1575000
Bedroom count
Property description
The Uptown Portfolio presents a prime 12-unit, two-property investment opportunity in the rapidly emerging Uptown Tampa submarket. This well-built, single-story concrete block construction with pitched roofs offers durability and low maintenance. Fully occupied by long-term residents, the portfolio ensures strong in-place cash flow with an attractive 8.00% going-in cap rate. With a unit mix of 66% two-bedroom floor plans, the property caters to a diverse rental market, benefiting from consistent demand. Strategically located near major employers, this portfolio promises both stability and significant growth potential. Situated near over $2 billion in recent developments, the Uptown Portfolio enjoys exceptional proximity to economic drivers and high-demand areas. Within just a few miles, tenants have access to over 74,000 jobs and 4,100 companies, including key employers like James A. Haley Veterans' Hospital, AdventHealth Hospital, and Moffitt Cancer Center. Additionally, the property is near major development projects such as the $1 billion Uptown University Mall redevelopment, the $256 million AdventHealth Expansion, and the $400 million Moffitt Cancer Center development. This position in one of Tampa’s most dynamic submarkets makes the Uptown Portfolio a highly attractive investment opportunity.
Property highlights
- 12-Unit, Two-Property Portfolio in Rapidly Emerging Uptown Tampa Submarket
- Strong In-Place Cash Flow with 8.00% Going-In Cap Rate
- Well-Built Single-Story Concrete Block Construction with Pitched Roofs
- Great Unit Mix with 66% Two-Bedroom Floor Plans
- Property Fully Occupied with Long-Term Residents
- Well Located near Major Employers Generating Consistent Rental Demand
- Conveniently Located to Over 74,000 Jobs & 4,100 Companies Including Major Employers Such as James A. Haley Veterans' Hospital (1.1 Mi), AdventHealth Hospital (1.5 Mi), Moffitt Cancer Center (1.9 Mi), PepsiCo (2.4 Mi), Yuengling Brewery (2.8 Mi), and Busch Gardens (4.1 Mi)
- Located in Close Proximity to Over $2 Billion of Recent Developments Including the $1 Billion “Uptown” University Mall Redevelopment (1.3 Mi), the $256 Million AdventHealth Expansion Development (1.5 Mi), the $400 Million Moffitt Cancer Center Development (1.9 Mi), and the Yuengling Brewery Campus Expansion Development (2.8 Mi)