Moncler Isles

Moncler Isles

Price: $ Market Bid

Total Number of Units: 484

Address: 6158 Beacon Isles Drive, Tampa, FL 33615, USA

  • 484 unit gated multifamily community with four scenic lakes in Tampa, FL
  • Perfect value-add opportunity in a market with limited value-add properties remaining
  • $112 average effective rental spread between standard and upgraded
  • Valencia at Westchase (property directly adjacent to Moncler Isles) currently charges $415 and $543 more than the Moncler Isles standard average effective rents on 1×1 and 2×2 floor plans, respectively
  • $226 spread between average current asking rents at all competing properties and the current average effective upgraded rents at Moncler Isles 1×1 floor plans
  • $260 spread between average current asking rents at all competing properties and the current average effective upgraded rents at Moncler Isles 2×2 floor plans
  • $570,688 increase in end of year 1 effective gross income through upgrading 155 units
  • $1,554,840 increase in end of year 3 effective gross income at 100% upgraded units
  • $168,024 in-place loss-to-lease upside (currently achieving market rent in 24% of units)
  • $1,357,887 increase in end of year 3 net operating income

Call for Offers: Thursday, September 27th by 5:30pm EST

>>View Deal Portal Here<<


Lead Agent(s): Francesco P. Carriera or Michael P. Regan


Location Highlights

  • Frontage on Sheldon Road (31,000 daily traffic counts)
  • Moncler Isles’ 33615 zip code has a median home list price of $249,900 for June 2018, up 16% year-over-year

Additional Photos