Multi Family Property For Sale
$12,000,000
4011 East Columbus Drive, Tampa, FL 33605
For Sale
Multifamily
Active
Last Updated: 04/23/2024
45,100 sqft
Building Size
3.06 acres
Lot Area
Details:
Building Size: 45,100 sqft
Lot Area: 3.06 acres
Class: C
Units: 116
Year Built: 1974
Zoning: IG
Floors: 2
Description:
116 Unit Hotel or Apartment complex: All units are 288sqft more or less studio apartments: Building is 2-story concrete block/brick with concrete 2nd floor: New roof in 2024: Building is in renovation stages and will be completed by closing date: There's additional land possible to build an additional 100 more or less units: Zoning permits using the building as a daily rental, weekly rental, monthly rental, or yearly rental
Proforma:
1,809,500 = Gross Yearly Income ($300 per week)
- 723,840 = Yearly Operating Expenses
1,085,000 = Net Income (9 cap)
Frank S. Leto - Broker
Great American Realty
813-961-9661
LetoGAR@TampaBay.rr.com
Location
Gallery
