DeSoto Apartments
For sale6829-6831 S De Soto St, Tampa, FL 33616
Property type
Multifamily
Unit / Space count
7
Price
$1,215,000
Building size
5,472 SF
Year built
1984
Lot size
0.22 acres
Property description
DeSoto Apartments is a fully renovated multifamily community located in the heart of South Tampa, one of the region's most sought-after infill submarkets. The property features spacious two-bedroom, one-bath residences averaging approximately 754 square feet, with durable 1980s concrete block construction and pitched roofs. Each apartment has been renovated with granite countertops, stainless steel appliances, smart home technology, and washer/dryers, while individually metered electricity and a RUBS program for water and sewer provide operational efficiencies. The property also offers additional upside through four currently unmonetized on-site storage units. Located just minutes from MacDill Air Force Base, Downtown Tampa, and the Westshore Business District, DeSoto Apartments benefits from a diverse employment base and exceptional connectivity via Gandy Boulevard, Dale Mabry Highway, and the Selmon Expressway. The combination of a turnkey renovation, operational upside, and a premier South Tampa location presents a compelling investment opportunity.
Property highlights
- Two-story 1980’s concrete block construction with pitched roofs.
- Property consists of 100% two-bedroom, one-bath floorplans averaging approximately 754 square feet.
- Recent Capital Improvements: Fully renovated units with granite counter tops, stainless steel appliances, and smart home features.
- Electricity is individually metered and paid by tenants. Water and sewer expenses recovered through a RUBS program.
- Washer/dryer connection in all units.
- Four on-site storage units located behind the 6831 building are currently unmonetized, providing an opportunity to generate supplemental income.
- Located in South Tampa, an infill market characterized by strong renter demand, limited available land, and high barriers to new multifamily development.
- Convenient access to Gandy Boulevard, Dale Mabry Highway, Interbay Boulevard, and the Selmon Expressway provides direct connections to Downtown Tampa, MacDill Air Force Base, Westshore, and St. Petersburg.
- Strong Employment Base: Minutes from MacDill Air Force Base, Tampa International Airport, Downtown Tampa, Westshore Business District, Tampa General Hospital, and numerous healthcare, logistics, and professional employment centers.
- Strong Retail Corridor Nearby: Residents benefit from proximity to Publix, Walmart, Target, Britton Plaza, and numerous restaurants and neighborhood services throughout South Tampa.
- Access to Tampa Bay's Lifestyle Destinations: Conveniently located near Picnic Island Park, Bayshore Boulevard, Ballast Point Park, Hyde Park Village, Downtown Tampa, and Tampa International Airport, providing residents with access to premier dining, entertainment, recreation, and employment opportunities.