8870 W Waters Ave | Tampa, FL 33615
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- LoopNet Team
8870 W Waters Ave
Tampa, FL 33615
Citrus Run Apartments · Build-to-Rent Property For Sale
·
72 Units
INVESTMENT HIGHLIGHTS
- 8870 W Waters Avenue presents the Citrus Run Apartments, a stabilized multifamily investment opportunity under LOI.
- Competitive and abundant amenity set at each community with a clubhouse, swimming pool, fitness center, and washer/dryers in all units.
- Attractive value-add opportunity to renovate 100% of the units and achieve rent premiums of over $200/unit.
- Strong performance with less than 10% effective vacancy, positive revenue growth and little concessions.
PROPERTY FACTS
| No. Units | 72 | Total Plot Size | 7.06 ac |
| Property Type | Build-to-Rent | Property Size | 66,323 sq ft |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Low-Rise | No. Floors | 3 |
| Costar Property Class | B | Year Built/Renovated | 2015/2018 |
| Use Class | RMC-12 - Residential multi family | ||
| No. Units | 72 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 7.06 ac |
| Property Size | 66,323 sq ft |
| Average Occupancy | 96% |
| No. Floors | 3 |
| Year Built/Renovated | 2015/2018 |
| Use Class | RMC-12 - Residential multi family |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Wooden Floors
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Centre
- Picnic Area
- Pool
- Gated
- Grill
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 42 | - | 937 |
| 2+2 | 30 | - | 1,250 |
PROPERTY TAXES
| Parcel Number | U-27-28-17-97G-000000-00001.0 | Improvements Assessment | £4,956,791 |
| Land Assessment | £651,512 | Total Assessment | £5,608,303 |
PROPERTY TAXES
Parcel Number
U-27-28-17-97G-000000-00001.0
Land Assessment
£651,512
Improvements Assessment
£4,956,791
Total Assessment
£5,608,303
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