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Port Tampa Apartments

Port Tampa Apartments

Price: $ Market Bid

Total Number of Units: 14

Address: 7102 S Kissimmee St. Unit A D,Tampa, FL 33608

  • 26% cash-on-cash return after year 1
  • Value-add opportunity by increasing NOI 38% by end of year 1
  • Approximately $250 average rent increases by end of year 1
  • 100% 2 bedroom/1 bath floorplans with washer/dryer connections and private patios
  • 1980’s concrete block construction
  • Select units have been upgraded with granite countertops, stainless steel appliances, new cabinets, and vinyl plank flooring

Lead Agent(s): Cameron S. Barbas

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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

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Orangeview Apartments

Orangeview Apartments

Price: $ 675,000

Total Number of Units: 8

Address: 8802 North Orangeview Avenue, Tampa, FL 33617, USA

  • A superior unit mix of all two-bedroom floor plans with w/d connections
  • Value-add opportunity to achieve 20%+ cash on cash return in year 1
  • Concrete block construction
  • Fully occupied community
  • The entire building has recently been newly painted and new landscaping
  • Located on a large corner lot with ample off-street parking

Lead Agent(s): Matthew S. Valeri and Cameron S. Barbas

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Tampa Bay Portfolio

Tampa Bay Portfolio

Price: $ 1,150,000

Total Number of Units: 21

Address: 1105 East Bird Street, Tampa, FL, USA

  • Impeccably built concrete block buildings
  • Fully stabilized portfolio with an immediate path to rental upside
  • 100% fully occupied community with a waiting list
  • Washer/dryer connections in select units
  • Value add opportunity by increasing rents $100+/unit
  • All units are individually metered for water

Lead Agent(s): Joshua Teplitzky

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4th Place Apartments

4th Place Apartments

Price: $ 1,600,000

Total Number of Units: 32

Address: 6735 Southwest 4th Place, Gainesville, FL, United States

  • Select units have been beautifully renovated in 2017/2018 with vinyl wood flooring, new kitchen cabinetry, washer/dryer appliances, new appliances, new lighting, and new bathroom vanities
  • Opportunity to continue renovations and capitalize on significant rental upside approximately $90+ higher than average effective rents
  • Highly desirable 1980s vintage asset comprised of concrete block construction with amenities such as washer/dryer appliances and private patios

Lead Agent(s): Matthew W. Prozzillo

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San Juan Apartments

San Juan Apartments

Price: $ 720,000

Total Number of Units: 4

Address:

  • Five-minute bike ride to the beautiful Bayshore Boulevard
  • Located in Tampa’s urban core within close proximity to multiple redevelopments such as bill gates, Jeff Vinik, and Tampa port authority’s $3 billion downtown/water street redevelopment, the heights redevelopment, west river redevelopment, Tampa international airport’s $1 billion renovation, Westshore marina district and more
  • Close proximity to 90+ bars, restaurants, and retail destinations
  • Located within a 10-minute drive time of 159,000 jobs within downtown Tampa and Westshore business district

Lead Agent(s): Matthew W. Prozzillo

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Avesta Heritage Cove Apartments

Avesta Heritage Cove Apartments

Price: $ Market Bid

Total Number of Units: 90

Address: 7402 Heritage Hills Drive, Temple Terrace, FL 33637, USA

  • Rare opportunity to own 90 units of 1980s concrete block construction in Tampa, FL
  • 96% average current occupancy level of all comparable properties
  • Opportunity to supply washer/dryer appliances and receive $40 monthly rental premium
  • Opportunity to increase NOI by $105,169 through strategic management adjustments and by moving rents up to meet the market
  • Clean asset with recent capital improvements including the addition of a front entrance gate, revitalized exterior paint, expansion of pool deck, two new roofs, and reinforced staircases
  • Minimal repair and maintenance outlook for next 5 years with recent exterior updates and unit finishes
  • $109,551 increase in effective gross income by end of year 1 operations
  • Significant rental spread between Avesta Heritage Cove and competing properties

Lead Agent(s): Joshua D. Teplitzky

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Prospect Towers

Prospect Towers

Price: $ Market Bid

Total Number of Units: 208

Address: 801 Chestnut Street, Clearwater, FL 33756

  • $508 spread between Prospect Towers Pro Forma rents and The Nolen’s one-bedroom average rent
  • 33% average effective rent growth since 2016
  • Potential for $71,708 increase in Effective Gross Income by continuing the recently implemented cable reimbursement program
  • Potential for a $53,835 increase in Effective Gross Income by implementing a $25 per month flat fee for water and sewer
  • Significant capital improvements made in last five years including new air handlers, elevator rehabilitation, and an upgraded amenity package

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

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Imperial Village Apartments

Imperial Village Apartments

Price: $ Market Bid

Total Number of Units: 144

Address: 9790 Hamlin Boulevard, Seminole, FL 33776, USA

  • Value-add opportunity through clubhouse and amenity renovations
  • 100 percent renovated interiors with minimal repairs and maintenance expenses
  • Current ownership has spent in excess of $2.8 million on capital improvements
  • $300,000 potential increase in effective gross income by implementing a valet trash program, cable reimbursement program, adding patios, and increasing rents to surpass inferior competition
  • Fantastic A+ location in Seminole, FL with very limited competition

Call for Offers: Wednesday, June 20th by 5:30 pm EST

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

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Pensacola Station

Pensacola Station

Price: $ 1,499,000

Total Number of Units: 24

Address: 103 Cactus Street, Tallahassee, FL, United States

  • 8.83% CAP Rate
  • Unit Interior Renovations Include Granite Countertops, Stainless Steel Appliances, New Bathroom Vanities, New Kitchen Cabinets and Interior Paint

Lead Agent(s): Joshua D. Teplitzky

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KAIN Portfolio

KAIN Portfolio

Price: $ Market Bid

Total Number of Units: 202

Address: 13021 Kain Palms Court, Tampa, FL 33612, USA

  • Through strategic property and management efforts, a buyer could increase Effective Gross Income in year 1 of operations by $237,607
  • 89% of the units are in two of the properties 24% of the units were constructed in 2007
  • Portfolio consists of a superior unit mix comprised of majority two and three – bedroom floor plans

 

Lead Agent(s): Cameron S. Barbas

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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

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Osprey Landings Apartments

Osprey Landings Apartments

Price: $ Market Bid

Total Number of Units: 108

Address: 1756 S Clyde Morris Blvd, Daytona Beach, FL 32119, United States

Built in 1985 with 67 Percent 2×2 Floor Plans

Stabilized Asset with Inherent Upside

  • 4.92% total vacancy, concessions and bad debt (T12)
  • 7.95% organic effective income growth (T12)
  • $53,000 in-place loss-to-lease

Substantial Premium Potential for Upgrades

  • Up to $270-295 per month premiums for one and two-bedroom units

Lead Agent(s): Michael P. Regan

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Fairfield Lakes Apartments

Fairfield Lakes Apartments

Price: $ Market Bid

Total Number of Units: 268

Address: 8100 US Highway 98, Pensacola, FL, United States

  • 95%+ T12 Occupancy
  • $113,500 of In-Place Loss-to-Lease Upside Based on Current Asking Rents ($35/unit/year)
  • Up to $300 of Rental Upside based on Most-Direct Market Competitors
  • Opportunity to Perform Strategic Capital Upgrades to Unit Interiors
  • $365 Affordability Gap Between the Cost-to-Own in the Immediate MSA and the Current Average Effective Rent at Fairfield Lakes Apartments

Call for Offers: Wednesday, February 14th by 5pm EST


>>Click Here to View Offering Documents<<

 

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

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The Views of Mt. Airy

The Views of Mt. Airy

Price: $ Market Bid

Total Number of Units: 282

Address: 2992 High Forest Ln, Cincinnati, OH 45223, United States

Call For Offers – Tuesday, August 1st

  • Current Average Effective Rents $162 Below Market Average
  • $144,000 of Additional Revenue Potential in Year 1 Through Strategic Upgrades
  • Extensive Capital Improvements Including All New Roofs and Windows

Carriera Regan in conjunction with Andrews Dickman

Lead Agent(s):

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