Listings

Filter Listings by Type:   

The Park at Ravenna

The Park at Ravenna

Price: $ Market Bid

Total Number of Units: 300

Address: 6919 Bonair Drive, Tampa, FL 33617, USA

  • $236,363 in-place loss-to-lease
  • Opportunity to increase rents $43 on average on top of the current market rents
  • $346,962 increase in Net Operating Income in year 1
  • $3.2 million in renovation since 2015
  • 300 units of concrete block construction in Tampa, FL
  • 4.62% T12 median home list price increase for The Park at Ravenna’s zip code
  • Minimal repairs and maintenance expense outlook for the next 5 years with recent exterior updates and unit finishes
  • Approximately 12% 10-year average cash-on-cash return
  • 25% 5-year IRR, 19% 10-year IRR
  • Value-add through adding washer/dryer connections and appliances with a $25 rental

View Offering Here

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

View Property

River Pointe Apartments

River Pointe Apartments

Price: $ Market Bid

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

View Property

Vista at Palma Sola

Vista at Palma Sola

Price: $ Market Bid

Total Number of Units: 340

Address: 3900 75th Street West, Bradenton, Florida 34209, United States

  • Value-add opportunity constructed of concrete block in Tampa, FL
  • Opportunity to increase gross possible rent by $401,000
  • $209 weighted spread between Diamond Upgraded unit with washer/dryer appliances current market rent and all other finish levels weighted average effective rent
  • Recent exterior capital improvements include resurfaced parking lot, revitalized landscaping, and energized building exterior paint
  • All corner units with private fenced-in patios

Call for Offers: Thursday, June 28th by 5:30 pm EST

View Offering Here

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

View Property

Naples Waterfront Land

Naples Waterfront Land

Price: $ Market Bid

Total Number of Units: 17

Address: 1820 Gulf Shore Boulevard North, Naples, FL 34102, USA

  • Develop up to 20 units of luxury waterfront
  • Sell individual condominium units for greater than $950 per square foot
  • Realize a return-on-investment after closing costs of greater than 30%
  • Return-on-investment after closing costs equates to $200+ per square foot 17 existing cooperative units (100% of community)
  • 1.34 +/- acres of developable waterfront land
  • Potential to be the only mid-rise condominium units built since 2011 on Gulf Shore Boulevard North
  • Eight boat slips providing future residents with direct access to the Gulf of Mexico

Call for Offers: Wednesday, May 30th by 5:30 pm EST

Lead Agent(s): Michael P. Regan or Benjamin N. Skinner

View Property

Cobb Portfolio

Cobb Portfolio

Price: $ Market Bid

Total Number of Units: 103

Address: Marietta, GA, United States

  • Proven Value Add Opportunity: New Ownership is given an opportunity to push rents by implementing interior upgrades throughout all three properties. Revenue can be pushed with a $100 monthly increase per unit which will boost NOI by $123,600 annually.
  • Connectivity to Economic Drivers: Since 2015, the county realized more than $320 million in economic impact and over 5,500 jobs from companies such as Comcast, Aaron’s Inc., Synovus Financial Corp. and The Home Depot expanding within the county’s boundaries.
  • Substantial Economic Growth: All three properties are located in Marietta, GA which has a population of over 56,500, an unemployment rate of 5%, and a future job growth over the next decade to be 35%.
  • Economies of Scale: This investment opportunity gives investors the ability to acquire 103 units located in a highly desirable market with proven rent growth.

 

Lead Agent(s):

View Property

Hillsborough Avenue Redevelopment Opportunity

Hillsborough Avenue Redevelopment Opportunity

Price: $ $2,500,000

Total Number of Units: 0

Address: 13809 W Hillsborough Ave, Tampa, FL, United States

  • 3.57 Acre Redevelopment Opportunity in Tampa, FL
  • Possibility to Develop 120 Multifamily Units in a Strong Rental Market with Limited ‘A’ Com­petition
  • Directly Neighboring the Westchase Residential Community (#1 Zip Code in Tampa Bay for Median Household Income – $94,690)
  • Accessible from Hillsborough Avenue (50,500 Daily Traffic Count)

Lead Agent(s):

View Property