Mabry Place
Closed5715 S Dale Mabry Hwy, Tampa, FL 33611
Property type
Multifamily
Unit / Space count
8
Price
$960,000
Building size
6,964 sf
Rentable area
6,964 SF
Year built
1984
Year renovated
Occupancy
Zoning code
Lot size
0.41 Acres
Sold/status
Sold · Date unknown
Sale price
$960000
Bedroom count
Property description
Mabry Place is an 8-unit multifamily property located in Tampa, FL in Hillsborough County. The 6,964 SF property is comprised of 2 buildings constructed in 1984 and features pitched shingle roofs. The property sits directly on Dale Mabry Highway, a popular Tampa thoroughfare with an average daily traffic count of 36,000 vehicles. The property features 100% 2 Bedroom floor plans with ample parking (over two spaces per unit). Select units have been renovated and some upgrades include vinyl flooring, granite counters, stainless steel appliances, new carpet, upgraded cabinets and new tile. Residents enjoy being situated in a prime South Tampa location that is near several major employers, retailers and points of interest. Major nearby employers include MacDill Air Force Base (13,000 personnel and 2.9 miles from property), Kindred Hospital Bay Area (102 Beds & 1.8 Miles), H.B. Plant High School (3.0 Miles), Robinson Senior High School (1.4 Miles), the Westshore Business District (100,000+ Employees & 5.6 Miles), Downtown Tampa (8-Million+ SF Office Space & 6.1 Miles) and Tampa International Airport (9.0 Miles). Popular retailers & dining options are convenient to the property including Publix (1.0 Mi), Walmart Supercenter (1.1 Mi), Starbucks (1.1 Mi), Chick-Fil-A (0.8 Mi), Chipotle (0.8 Mi), Lowe's (1.5 Mi), Crunch Fitness (1.6 Mi), South Tampa Family YMCA (1.5 Mi), Trader Joes (3.8 Mi) and The Fresh Market (3.7 Mi). Travel is easy with Interstate 275 located 4.9 miles away, which provides convenient access to Downtown St. Petersburg (15.9 Mi) and Florida's award-winning beaches. Mabry Place offers an investor the opportunity to acquire a well-maintained asset with historically strong occupancy in the highly popular area of South Tampa near Bayshore Boulevard. The property has proven value-add potential with the ability to modernize interiors and increase rents to market.
Property highlights
- Value-Add Opportunity with $300+ in Immediate Rental Upside
- Ability to Modernize Interiors and Implement Utility Reimbursement Program
- Highly Desirable 1980’s Two-Story Construction with Pitched Roofs & Central HVAC
- 100% 2 Bedroom Floor Plans with Ample Parking
- Well-Maintained Asset with Historically Strong Occupancy
- Great Location in South Tampa on Dale Mabry Hwy Just South of Gandy Blvd with Proximity to Major Employment Drivers Including MacDill Air Force Base (3 Minutes), Downtown Tampa (9 Minutes), Westshore Business District (18 Minutes), Tampa International Airport (20 Minutes) & Downtown St. Petersburg (24 Minutes)
- Conveniently Situated Within 1 Mile to Major Retail and Dining Including Publix Supermarkets, Target, Home Depot, Starbucks & Chick-Fil-A
- Located Just 5 Minutes From Westshore Marina District, a Brand New 52-acre Mixed-use Waterfront Development