Listed by Marcus & Millichap
$1,499,000
6214 E Sligh Ave
Details
Property Type Multifamily, Land
Sub Type Apartment Building
Net Rentable (SqFt) 55,000
Units 87
Cap Rate 6.00%
Tenancy Single
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $676,000
Class B
Year Built 2026
Year Renovated 2027
Buildings 2
Acreage 3.000
Zoning PD
Parking Spaces spaces
Investment Type Redevelopment
Ownership Fee simple
Sale Condition For sale by owner
Hillsborough River 47 Unit Multifamily Development Opportunity!
Marketing description
Entitled land! PD approved and will be issued May 12 for a 47 apartment community. Geotechnical, arborist, traffic, and other studies are complete. Finalizing PD process with Hillsborough County. Buy entitled land at ~$1,500,000 and build, or participate in the construction team!
https://youtu.be/ByR8CwWt-yc?si=TjbrdB_jpGi2ECr9
Investment highlights
Buildable land on the Hillsborough River! Approved for 47 apartment units. See OM video for details!
Listing Contacts
Listed by Marcus & Millichap
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