The Kennedy West
For sale4201 W North A St, Tampa, FL 33609
Property type
Multifamily
Unit / Space count
14
Price
$3,000,000
Building size
11,752 sf
Rentable area
11,752 SF
Year built
1925
Year renovated
Occupancy
Zoning code
Lot size
0.34 Acres
Bedroom count
Price per Unit
$214,286
Price per SF
$255.28
Property description
Built in 1925, this historic two-story apartment community offers 14 units, including twelve 2-bedroom/1-bath residences and two 1-bedroom/1-bath units. The boutique-style property features spacious floorplans, pet-friendly units, on-site laundry and parking, with fully furnished residences positioned to capture premium rents and capitalize on corporate and furnished-housing demand. Recent improvements include refreshed exterior finishes and accent walls along the front façade, along with updated interiors that provide a modernized feel. Additional near-term upside exists through utility reimbursement programs for water, sewer and trash, as well as further optimization of furnished and medium-term rental strategies. The property is ideally located in Tampa’s highly desirable Westshore/South Tampa submarket, with convenient access to I-275, Kennedy Boulevard, Dale Mabry Highway and the Selmon Expressway. Its proximity to Tampa International Airport, Downtown Tampa, Midtown Tampa, International Plaza and the Westshore Business District provides residents with easy access to major employment centers, premier dining, retail and entertainment throughout Tampa’s urban core.
Property highlights
- Seller Financing: 70% LTV with interest-only payments over a three-year term. The interest rate is 5.80% in Year 1, 6.25% in Year 2, and 6.75% in Year 3, with the remaining principal balance due at maturity
- Historic two-story apartment community built in 1925
- Strong unit mix with 85% 2 bedroom 1 bath units
- Boutique-style community featuring spacious floorplans, pet-friendly units, on-site laundry, and on-site parking
- Fully furnished units positioned to capture premium rental rates and appeal to corporate and furnished-housing demand
- Immediate upside through implementation of water, sewer, and trash utility reimbursements
- Recent building refacing includes updated exterior finishes and accent walls along the front façade, complemented by refreshed in-unit interiors to create a modernized feel
- Additional revenue opportunity through optimization of furnished and medium-term rental strategies, leveraging the property’s proximity to major employment centers and Tampa International Airport
- Located in the highly desirable Westshore/South Tampa submarket
- Convenient access to I-275, Kennedy Boulevard, Dale Mabry Highway, and the Selmon Expressway
- Minutes from Tampa International Airport, Downtown Tampa, Midtown Tampa, International Plaza, and the Westshore Business District
- Surrounded by premier dining, retail, entertainment, and major employment centers throughout Tampa’s urban core