University Oakwoods
Closed1250 E 113th Ave, Tampa, FL 33612
Property type
Multifamily
Unit / Space count
405
Price
$6,850,000
Building size
134,148 sf
Rentable area
134,148 SF
Year built
1983
Year renovated
Occupancy
Zoning code
Lot size
8.60 Acres
Sold/status
Sold · Date unknown
Sale price
$6850000
Bedroom count
Property description
• Bulk opportunity to buy 335 units as part of a larger, 450-unit condo community • True value-add potential through renovation, stabilization and/or obtaining additional units and collapsing the HOA • Highly desirable 80's built concrete block construction with pitched roofs • Conveniently located between I-275 and the main campus of the University of South Florida, with a campus enrollment of 41,000 • Major employers such as the Moffit Cancer Center, James Haley Veterans Hospital, and The University of South Florida are located within 3 miles of the subject
Property highlights
- University Oakwoods is located in one of the densest residential and commercial areas in Hillsborough County. The immediate
- sub-market consists primarily of retail, multifamily, and single family housing, and has historically maintained stable occupancies. University Oakwoods is only 1.5 miles from the main campus of the University of South Florida, one of the largest public universities in the country with almost 50,000 students, and is only 0.5 miles from University Mall, where a major redevelopment is planned that will convert the existing enclosed mall into a mixed-use commercial development that is planned for retail, office, restaurant, and educational space. The University area is also home to three major medical centers, including James A. Haley Veteran’s, Hospital University Community Hospital, and the acclaimed H. Lee Moffitt Cancer Center. Shaw Elementary School is within walking distance, along with Copeland Park, which offers an indoor gym, ball fields, tennis and racquetball courts, children’s playground, trails, picnic area with grills, after school activity program, and a swimming pool that is open seasonally.