Riverside Palms
Closed5008 Sierra Pl, Tampa, FL 33617
Property type
Multifamily
Unit / Space count
351
Price
$19,000,000
Building size
366,507 sf
Rentable area
366,507 SF
Year built
1972
Year renovated
Occupancy
Zoning code
Lot size
14.60 Acres
Sold/status
Sold · Date unknown
Sale price
$19000000
Bedroom count
Property description
Riverside Palms is a 351 unit multifamily offering in Tampa, Florida. The property consists of 57 buildings constructed in 1972 and spread out over 14.6 acres. The buildings are wood frame with stucco exterior walls. The roofs are flat and are covered in built up tar and gravel. The unit mix at Riverside Palms consists of 32-Efficiency apartments (538 Sq Ft), 192-One Bedroom units (723-827 Sq Ft), 69-Two Bedroom apartments (981-1244 Sq Ft), and 58-Three Bedroom units (1239-1461 Sq Ft). The diverse mix of units and unit styles provides an apartment for any kind of tenant.
Property highlights
- Over $5,000,000 In Renovations Since 2012 Including New Roofs, Stucco Siding, and Interior
- Upgrades
- 100% Of the Apartments Have Granite Countertops, New Cabinets, and Bathroom Vanities
- Diverse Mix of Spacious Apartments With an Average Size of 900 Square Feet
- Located Within 3 Miles of USF, One of the Largest Public Universities in the Country, and One of the Major Employment Drivers in the Submarket
- Located in Close Proximity to Busch Gardens and Midway Between I-75 and I-275
- 30% Of the Units are Sizable Townhomes