3807 TOWER RD Tampa FL 33614-2090

CBRE, as exclusive marketing advisor, is pleased to present Foxcroft, located in the dynamic Carrollwood suburb of Tampa, Florida. This residential community offers favorable low-density two-story construction with one, two, and three-bedroom floorplans, and some of the submarket’s largest units averaging 1,137 rentable sq. ft. The property features 149 standard units and 27 partially renovated units. However, the property will benefit from a full value-add on all units. This property is primed for an immediate rental upside through a mark-to-market opportunity as nearby properties are achieving upwards of $500 premiums for renovated smaller units.

The buyer of Foxcroft will benefit from organic rent growth, mark-to-market rent growth, further income centers growth, value-add growth, and price appreciation throughout the hold period.

• ​​​​​​​Huge units - 1,137 average rentable sq. ft. is the 2nd largest in the submarket

• Weighted heavily towards two and three-bedrooms (72%), averaging 1,271 rentable sq. ft. which is perfectly suitable for the resident base

• Favorable unit mix featuring 1x1, 2x1, 2x2, 2x2 Den, and 3x2 floorplans

• Outstanding mark-to-market opportunity - immediate upside potential

• Primed for full interior value-add opportunity on all of the units

• Excellent amenity footprint with an opportunity for improvement.