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Tampa, FL |
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Purchase Price |
$11,000,000 |
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Cap Rate |
4.01% |
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Property Type |
Residential |
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Rentable Square Feet |
158,600 |
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Price per RSF |
$69.36 |
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Number of Tenants |
156 |
| | | Property Description |
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This class A upscale project is located in an elite area of homes and condos ranging in price from 550K to 1.2M.
Short distance from the University of South Florida Medical Campus, shopping and dining and the beach.
* 100% occupancy plus waiting list.
* 156 units out of 248.
* Recent Comps from 1/2009: $258,400 & $308,400.
* Property Appraiser's Value: $190,000 Per Unit.
* Year Built - 1996.
* Property Amenities: Pool, Jacuzzi, Clubhouse, Tennis
Court,Racquet Ball Court, Fitness Center, Billiard Room.
* HOA Includes: Concierge service, Weekly fitness classes,
Valet disposal service, Water and sewer, Pest Control,
Maintenance to the common areas, Property, liability, and
flood insurance, Membership to the exclusive “Tiffany
Club”.
* Demographics: 50.4% of housing units are owner occupied;
35.3% renter occupied; and 14.3% percent vacant.
* Median home value is $348,445.
* Average household income is $116,817.
* 96.1% are white collar jobs.
*** IRR - Sale After 5 years - 17.7%
*** Cumulative ROI After 5 years - 185%
WWW.GLIXUS.COM |
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| Presented To You By |
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Sean Glickman, CIPS TRC CSP
561-488-7766
seanglickman@gmail.com
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STIRLING SOTHEBY'S
INTERNATIONAL REALTY |
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The information above has been obtained from sources believed reliable. While
we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property.
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