$1,275,000 Multifamily for Sale — 8923 N 40th St, Tampa, FL 33604, USA
8923 N 40th St, Tampa, FL 33604, USA
Summary
This is a multifamily property for sale at 8923 N 40th St, Tampa, FL 33604, USA, listed at $1,275,000. The property has 12 units, 7,796 square feet, built in 1973. Financials show net operating income of $91,383, a 7.2% cap rate, gross income of $144,120 based on seller figures.
Key facts
- Asking price: $1,275,000
- Property type: Multifamily
- Cap rate: 7.2%
- NOI: $91,383
- Gross income: $144,120
- Occupancy: 92%
- Price / unit: $106,250
- Expense ratio: 36.6%
- Units: 12
- Building SF: 7,796
- Lot (acres): 0.28
- Year built: 1973
- Zoning: CG
Description
8923 N 40th Street presents the Garden Del Rey Apartments, professionally managed apartment building. There is coin-operated laundry facility on-site, as well as a new roof. Located across from Busch Gardens theme park for easy year-round access and close proximity. The Garden Del Rey Apartments present immediate cashflow and a stabilized investment opportunity.
Photos
Frequently asked questions
What is the asking price for this multifamily property?
The asking price is $1,275,000 for the property at 8923 N 40th St, Tampa, FL 33604, USA.
What is the cap rate?
The cap rate is 7.2%, based on $91,383 in net operating income.
How many units does the property have?
The property has 12 units.
How do I make an offer?
You can submit an offer directly to the seller on Caproll — there are no broker commissions, and the underwriting numbers are shown up front.
More commercial listings on Caproll
- 1223 Haines Dr, Winter Haven, FL 33881, USA — Multifamily
- 730 W Central Ave, Winter Haven, FL 33880, USA — Multifamily
- 8413 N Hamner Ave, Tampa, FL 33604, USA — Multifamily
- 4371 Guard St, Port Charlotte, FL 33980, USA — Multifamily
