Snapshot a True Cash Flow Engine in Tampas Growth Corridor
Tucked into a quiet pocket of Temple Terracejust two miles from the University of South Florida and minutes to AdventHealth, Moffitt Cancer Center, Busch Gardens, and the I 75/I 275 junctionThis listing offers investors the best of every multifamily buzzword: concrete block durability, walk to demand drivers, sub replacement pricing, and an in place yield that starts at 9 .6 percent and only goes up from there.
Eight solid block duplexes spread across eight contiguous lots create sixteen stand alone 1 bed / 1 bath cottages. Each home enjoys private yard space, individual electric metering, mini split HVAC, and off street parkingfeatures renters covet yet almost never find at this price point. Current leases average $1,280/month (no unit below $1,080) and throw off $210,060 NOI, equating to $137,500 per door and an in place 9.6 % cap on the $2.2 million ask.
Upside is refreshingly uncomplicated: lease two turn ready cottages at market $1,300+, implement RUBS to shift water/sewer to tenants, and watch cap rate break double digits without swinging a hammer. For those who like value add, a light interior packageLVP flooring, shaker cabinets, stainless appliancespairs readily with the concrete block bones and lifts rents to $1,400+ while still keeping cost per unit under new build figures.
Whether youre chasing yield, seeking a 1031 or assembling scale in Tampas coveted workforce housing lane, This listing checks every box: location, durability, cash flow, and clear runway for rent growthall at a basis youll be bragging about for years.
Snapshot a True Cash Flow Engine in Tampas Growth Corridor
Tucked into a quiet pocket of Temple Terracejust two miles from the University of South Florida and minutes to AdventHealth, Moffitt Cancer Center, Busch Gardens, and the I 75/I 275 junctionThis listing offers investors the best of every multifamily buzzword: concrete block durability, walk to demand drivers, sub replacement pricing, and an in place yield that starts at 9 .6 percent and only goes up from there.
Eight solid block duplexes spread across eight contiguous lots create sixteen stand alone 1 bed / 1 bath cottages. Each home enjoys private yard space, individual electric metering, mini split HVAC, and off street parkingfeatures renters covet yet almost never find at this price point. Current leases average $1,280/month (no unit below $1,080) and throw off $210,060 NOI, equating to $137,500 per door and an in place 9.6 % cap on the $2.2 million ask.
Upside is refreshingly uncomplicated: lease two turn ready cottages at market $1,300+, implement RUBS to shift water/sewer to tenants, and watch cap rate break double digits without swinging a hammer. For those who like value add, a light interior packageLVP flooring, shaker cabinets, stainless appliancespairs readily with the concrete block bones and lifts rents to $1,400+ while still keeping cost per unit under new build figures.
Whether youre chasing yield, seeking a 1031 or assembling scale in Tampas coveted workforce housing lane, This listing checks every box: location, durability, cash flow, and clear runway for rent growthall at a basis youll be bragging about for years.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 1576.00
Property Information
Property Condition: Completed
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Utilities
Carport Spaces: 0.00
Cooling: Ductless
Road Frontage Type: City Street
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Country: US
Legal Description: DRUID HILLS RE-REVISED LOT 25 BLOCK 9
Campus Gardens is a twelve unit (6 duplexes) apartment complex located in the USF District, walking distance from downtown Temple Terrace. All units have a 1 bed 1 bath layout with a large living room
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.