Oak Forest Apartments
Price Reduction | Multifamily | 7%+ CAP | 12 Units | Value Add
Marketing description
Overview
Oak Forest Apartments is a stabilized multifamily asset following a completed operational turnaround, offering strong in place cash flow with additional upside. Ownership fully reset the tenant base over the past year, bringing the property to full occupancy. Units are well maintained and functional, with clear potential for future rent growth through targeted interior improvements.
Investment highlights
Fully leased Tampa multifamily with stabilized operations and no legacy tenant issues
Brand new roofs done in 2025 after the recent hurricane
Recent turnaround completed, with cash flow materially improving and continuing to trend upward
Current run rate supports a 7+ percent cap rate with near term income visibility
Clean, well maintained units allowing a buyer to step in without immediate CapEx
Clear path to rent growth through interior upgrades
Three 2 story walk up apartment buildings totaling 12 units, all two bedroom layouts, with 19 on site parking spaces
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