River Pointe Apartments – Closed on December 6, 2018

River Pointe Apartments – Closed on December 6, 2018

Price: $ 19,300,000

Total Number of Units: 212

Address: 8024 Hidden River Drive, Tampa, FL 33617, USA

  • Opportunity to increase Effective Gross Income by $198,552 through the end of year one operations
  • 24% of units remaining to be renovated with a $94 premium on average compared to standard units
  • Majority two and three-bedroom floor plans
  • Opportunity to add washer/dryer appliances in 70 units already with connections and receive an additional $40 premium
  • Recent exterior capital improvements including exterior paint on all buildings, completely remodeled clubhouse, the addition of artificial turf soccer field, new pool pavers and outdoor kitchen, new property signage, and updated children’s playgrounds

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

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Location Highlights

  • Value-Add opportunity for 212 unit gated community located directly on the Hillsborough River in Tampa, FL
  • Private gated community with Hillsborough River views and a competitive amenity package

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