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31284058
31284121

5 Locations

NR
FL 3567400
The Somerday Group
Listed by The Somerday Group
$1,065,000
73 days on market
Updated 66 days ago
Opportunity zone

5-Property Rental Portfolio 1 Mile from Gasworx

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Cap Rate 9.85%
NOI $104,913
Occupancy 87.5%
Broker Co-Op Yes
Investment Type Owner/User

Multifamily | 9.85% CAP

Marketing description

PLEASE SEE FLYER ATTACHED FOR RENT ROLL. Rare opportunity to acquire a five-property investment portfolio in East Tampa generating approximately $117,600 in annual gross income (~$9,800/month), offering an estimated ~9.85% cap rate at the current pricing.

Strategically located just 1 mile from the Gasworx redevelopment district, minutes from Ybor City, and along the Riverwalk expansion corridor, this portfolio sits directly in the path of Tampa’s eastward growth. The surrounding area is experiencing accelerated investor and developer activity, positioning this offering as both a stabilized income asset and a forward-looking land play.

A key differentiator is the portfolio’s layout — 4 of the 5 properties are located on the same street, with the fifth property positioned just one street over on E. 28th Ave, maintaining close proximity and reinforcing control within the immediate corridor. This creates a rare opportunity for an investor or developer to control a meaningful footprint in a concentrated pocket, allowing for future assemblage, repositioning, or phased redevelopment.

With continued infrastructure investment and large-scale development nearby, the area presents strong potential for significant appreciation and equity growth over time, making this an attractive entry point ahead of further transformation.

The asset mix provides immediate in-place income with additional upside through rent optimization, operational improvements, or redevelopment strategy. The properties are positioned along a corridor with consistent traffic exposure, further supporting long-term value.

Additional Upside Potential:

There may be an opportunity to acquire an additional single-family property within the same immediate corridor following the initial sale, which could further expand the footprint to a six-property assemblage. While not included in the current offering, this presents a compelling option for buyers seeking increased site control and long-term redevelopment scale.

Contact Nidya Rojas for inquiries at [email protected] or call (813) 847-9025

Investment highlights

9.85% Cap rate with 88% occupancy. 1 mile from Gasworx development, Downtown Tampa, Riverwalk expansion, i4 and i275, University of Tampa, Ybor City, Channelside, and so much more!

Listing Contacts

NR
FL 3567400
The Somerday Group
Listed by The Somerday Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,913.00
$8,742.75/mo

Valuation Metrics

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DSCR
9.85%
Cap Rate
9.85%
ROI

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Additional Information

Name
Nidya Rojas
License
3567400
Brokerage
The Somerday Group
Brokerage Address
400 North Ashley Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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