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Location:
Tampa, FL
Asking
Price: $33.5M
TERMS: All cash
NOI: $1,616,750
OCCUPANCY (AS OF 7.10.2015): 93.9%
INVESTMENT HIGHLIGHTS
This is a 250-unit garden apartment community in Palm Harbor, one of the top-
performing submarkets of the dynamic Tampa Bay MSA. The property was built in
1988, and represents an excellent opportunity to acquire a stabilized, well-
maintained asset with proven value-add upside potential.
The new owner will have the opportunity to increase rents by expanding upon an
already proven value-add interior renovation program and capitalize on the
dynamic performance trends throughout the submarket.
PROPERTY HIGHLIGHTS
This community is 250 units with a large average unit size of 1,063
square feet in a well-designed floor plan, with one- or two-bedroom
flats as well as two-story townhomes. The property offers a highly
competitive community amenity package including a clubhouse with
catering kitchen, newly renovated 24-hour fitness center, off -leash dog
park, resort-style heated swimming pool with large sundeck, lighted
tennis courts, lighted basketball/sport court, picnic area with new
barbecue grill and smoker, courtyard gazebo, valet trash pickup, car
care center and gorgeous, mature landscaping with abundant oak trees.
.
If you need to sell your house we can help.
If you need to sell your house we can help.
If you need to sell your house we can help.

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If you need to sell your house we can help.

  • 1. Location: Tampa, FL Asking Price: $33.5M TERMS: All cash NOI: $1,616,750 OCCUPANCY (AS OF 7.10.2015): 93.9%
  • 2. INVESTMENT HIGHLIGHTS This is a 250-unit garden apartment community in Palm Harbor, one of the top- performing submarkets of the dynamic Tampa Bay MSA. The property was built in 1988, and represents an excellent opportunity to acquire a stabilized, well- maintained asset with proven value-add upside potential.
  • 3. The new owner will have the opportunity to increase rents by expanding upon an already proven value-add interior renovation program and capitalize on the dynamic performance trends throughout the submarket.
  • 4.
  • 5.
  • 6. PROPERTY HIGHLIGHTS This community is 250 units with a large average unit size of 1,063 square feet in a well-designed floor plan, with one- or two-bedroom flats as well as two-story townhomes. The property offers a highly competitive community amenity package including a clubhouse with catering kitchen, newly renovated 24-hour fitness center, off -leash dog park, resort-style heated swimming pool with large sundeck, lighted tennis courts, lighted basketball/sport court, picnic area with new
  • 7. barbecue grill and smoker, courtyard gazebo, valet trash pickup, car care center and gorgeous, mature landscaping with abundant oak trees.
  • 8. .