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Tampa,FL-5 Luxury Townhomes Opportunity zone 2608 W Columbus Dr

5 Unit Block of Flats £2,248,650 (£449,730/Unit) 7.37% Net Initial Yield Tampa, FL 33607

Investment Highlights

  • option to purchase FIVE Brand new block construction townhomes together
  • control HOA with purchase of all 5 units - conduct a tax saving cost segregation study to maximize returns. FL no state tax
  • individual metered for all utilities and latest building code to sustain FL harsh weather condition. low HOA fees
  • AirBnB friendly - furnish each unit and lease for optimal cash flow using short term or long term rental strategy
  • two story sold block construction residences, complete with hurricane impact windows, sliders, and doors, and a 50 year Metal roof are ideal for FL
  • Located in West Tampa minutes from downtown Tampa, Riverside heights, Armature works, South Tampa, Buccaneer stadium, UT, more

Executive Summary

Price Improvement!***No HOA fees or reserves required with ownership of all 5 townhome units! Additionally, this property sits in an opportunity zone positioned for long term TAX SAVINGS for the right investor!***New owner can take control of HOA with ownership of all 5 units which allows short term rentals!!! **** Introducing West Tampa Luxury Townhomes, where elegance meets convenience located in the heart of booming West Tampa. This exclusive offering is ideal for an active or passive investor seeking an option to purchase FIVE Brand new block construction townhomes together. Yes, own the entire building, your chance to invest in a brand new maintenance free community with no lease or pet restrictions, if desired! New owner(s) has the ability to finalize HOA bylaws to allow short term or long term rentals and other restrictions including fees. These two story sold block construction residences, complete with hurricane impact windows, sliders, and doors, and a 50 year Metal roof are ideal for Florida’s inclement weather and guarantee low insurance hazard premiums to combat Fl high insurance rates. The finishes will be chic modern finishes that embody contemporary living, showcasing an open floor plan seamlessly fusing kitchen, dining, and living spaces on the ground floor. The kitchen will boasts quartz countertops, solid wood high gloss cabinets, and a large open space for hosting, effortlessly blending style with functionality. Distinguished by 10-4’-foot ceiling heights, a half bath, large 2 car garage, front in the rear alley access with enough room for 4 cars to park. The second floor features the massive primary bedroom with its own custom built huge walk-in closet, an en-suite bathroom adorned with high-level finishes, including a generous walk-in shower and dual vanities. Two additional bedrooms offer versatility for guest quarters, a home office, or personalized use shared by another full bathroom. The laundry room is conveniently located next to the bedrooms, with linin storage closet, and a nice size wet bar for entertainment. Each townhome includes it’s own power and water meter plus a master water meter for HOA irrigation system. Each townhome has its own 2 car garage and private driveway in the back. There is a total of 2273sqft living sqft per townhome for a combined sqft of 13,273sqft under roof. This is a true MAINTENANCE FREE INVESTMENT opportunity where the community HOA will pressure wash the buildings for owners, maintain the landscaping common area, and paint the buildings for your future tenants. Since all units are individually deeded and metered for own utilities as single family Townhomes, an individual could acquire with residential financing, commercial financing, or portfolio loan. This is an active construction site so please do not walk or drive on the property with written permission. Shown by appointment only. ALL UNITS MUST BE SOLD TOGETHER. Developer will consider pre construction contracts on individual units with 10% non-refundable deposits. Contact listing agent Ben Mitrano PA 727-504-3490 for more Elevations, finish options, and details. Great assets to put into service for tax year and perform cost segregation study maximizing tax incentives

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,248,650
Price Per Unit £449,730
Sale Type Investment
Net Initial Yield 7.37%
Sale Conditions Portfolio Sale
No. Units 5
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class B
Lot Size 0.32 AC
Building Size 13,273 SF
Average Occupancy 0%
Number of Floors 2
Year Built 2024
Parking Ratio 0.15/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Bay Window
  • Ceiling Fans
  • Double Vanities
  • Eat-in Kitchen
  • Granite Countertops
  • Attic
  • Breakfast Nook
  • Den
  • Dining Room
  • Double Pane Windows
  • Office

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Individual Locking Bedrooms
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2.5 5 £3,945 2,273
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A-15-29-18-D0G-000000-00005.0
Land Assessment
£22,239 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£22,239 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code RM-16 (rezoned RM-16 to PD with HOA West Tampa Townhomes)
RM-16 (rezoned RM-16 to PD with HOA West Tampa Townhomes)
  • Listing ID: 31575287

  • Date on Market: 22/04/2024

  • Last Updated:

  • Address: 2608 W Columbus Dr, Tampa, FL 33607

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