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Prime South Tampa 13 Unit or Redevelopement 106 S Delaware Ave 13 Unit Apartment Building $1,913,940 CAD ($147,226 CAD/Unit) Tampa, FL 33606
INVESTMENT HIGHLIGHTS
- Prime South Tampa / SOHO location just minutes from Hyde Park Village and Downtown
- 20,382 SF lot (158’ x 129’) with two existing multifamily buildings (8,062 SF total)
- Strong rental demand and long-term appreciation potential
- 8 existing 1BR/1BA units and 5 Studios with solid income potential
- Surrounded by upscale townhomes, apartments, and vibrant retail/dining
EXECUTIVE SUMMARY
Prime South Tampa – SOHO Multifamily Redevelopment Offering
Exceptional opportunity to acquire a rare 13-unit multifamily property in the highly sought-after South Tampa / SOHO district—one of Tampa’s most desirable urban-core neighborhoods.
The offering includes 106, 108, and 110 S. Delaware Avenue, Tampa, FL 33606, consisting of two buildings totaling approximately 8,062 square feet on a combined 20,382 SF lot (158’ x 129’).
Currently configured with Eight Units (4) one-bedroom, one-bath units and (4) Studio's, the property presents multiple upside options—whether through a comprehensive renovation to maximize rental income or a complete redevelopment under the R-35 Future Land Use designation, which allows for high-density residential, multi family, commercial development. Future Land Use CMU 60.
This is a rare infill opportunity in one of Tampa’s most dynamic submarkets—perfect for investors, developers, or owner/builders looking to capitalize on the continuing growth of South Tampa.
See Attached Proforma is based on making improvements and installing water submeters to each unit. All units are separately metered for Electric.
Exceptional opportunity to acquire a rare 13-unit multifamily property in the highly sought-after South Tampa / SOHO district—one of Tampa’s most desirable urban-core neighborhoods.
The offering includes 106, 108, and 110 S. Delaware Avenue, Tampa, FL 33606, consisting of two buildings totaling approximately 8,062 square feet on a combined 20,382 SF lot (158’ x 129’).
Currently configured with Eight Units (4) one-bedroom, one-bath units and (4) Studio's, the property presents multiple upside options—whether through a comprehensive renovation to maximize rental income or a complete redevelopment under the R-35 Future Land Use designation, which allows for high-density residential, multi family, commercial development. Future Land Use CMU 60.
This is a rare infill opportunity in one of Tampa’s most dynamic submarkets—perfect for investors, developers, or owner/builders looking to capitalize on the continuing growth of South Tampa.
See Attached Proforma is based on making improvements and installing water submeters to each unit. All units are separately metered for Electric.
PROPERTY FACTS
| Price | $1,913,940 CAD | Building Class | C |
| Price Per Unit | $147,226 CAD | Lot Size | 0.48 AC |
| Sale Type | Investment | Building Size | 8,062 SF |
| No. Units | 13 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1949 |
| Apartment Style | Low-Rise | ||
| Zoning | RM-24 - 106 S Delaware Zoned CG-Future Land Use R-35 108 S Delaware Zoned RM-24/Future Land Use R-35 110 S Delaware Zoned RM-18/Future Land Use R-35 | ||
| Price | $1,913,940 CAD |
| Price Per Unit | $147,226 CAD |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 8,062 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | RM-24 - 106 S Delaware Zoned CG-Future Land Use R-35 108 S Delaware Zoned RM-24/Future Land Use R-35 110 S Delaware Zoned RM-18/Future Land Use R-35 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $836,245 CAD | |
| Land Assessment | $1,511,696 CAD | Total Assessment | $2,347,941 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,511,696 CAD
Improvements Assessment
$836,245 CAD
Total Assessment
$2,347,941 CAD
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Prime South Tampa 13 Unit or Redevelopement | 106 S Delaware Ave
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