1309 E Sitka St | Tampa, FL 33604
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- LoopNet Team
1309 E Sitka St
Tampa, FL 33604
Sulphur Springs Apartments · Build-to-Rent Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Robust Value-Add Opportunity: Projected Year 1–2 CAP Rates of 10.04%–14.91% and Cash-on-Cash Returns of 12.31%–30.81%, Inclusive of Renovation Budget
- Significant Foundation Repairs Completed: Including IntelliJack Leveling Systems, Supplemental Steel Beams, and Floor Joist Sistering
- Renovated Interior Hallways & Stairs – Updated on Both Floors w/ New Flooring & Modern Fresh Paint
- Strategic Value-Add Renovation Budget Detailed in Offering Memorandum
- Critical Plumbing Updates Completed: Exterior Sewer Line Replaced, Drainage System Reinstalled w/ Proper Pitch, Replumbed Drains & Brought Up to Code
- NON-Flood Zone location, drastically reducing insurance expenses | Newly Replaced Stairs on the Exterior of the Building & New Roof
PROPERTY FACTS
| No. Units | 8 | Total Plot Size | 0.12 ac |
| Property Type | Build-to-Rent | Property Size | 2,880 sq ft |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1924/2015 |
| Costar Property Class | C | Parking Allocation | 2.78/1,000 sq ft |
| Use Class | RS-50 - Residential | ||
| No. Units | 8 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.12 ac |
| Property Size | 2,880 sq ft |
| No. Floors | 2 |
| Year Built/Renovated | 1924/2015 |
| Parking Allocation | 2.78/1,000 sq ft |
| Use Class | RS-50 - Residential |
AMENITIES
SITE AMENITIES
- Vintage Building
PROPERTY TAXES
| Parcel Number | A-30-28-19-45M-000058-00010.0 | Improvements Assessment | £100,301 |
| Land Assessment | £37,389 | Total Assessment | £137,689 |
PROPERTY TAXES
Parcel Number
A-30-28-19-45M-000058-00010.0
Land Assessment
£37,389
Improvements Assessment
£100,301
Total Assessment
£137,689
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