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106 S Delaware Ave 13 Unit Apartment Building $3,177,428 CAD ($244,418 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)
- Surrounded by upscale townhomes, apartments, and vibrant retail/dining
- 8 existing 1BR/1BA units and 5 Studios with solid income potential
- Future Land Use: R-35 – Ideal for townhouse or high-density residential redevelopment
- Strong rental demand and long-term appreciation potential
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 thirteen (8) one-bedroom, one-bath units and (5) 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 or townhouse development.
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.
Attached Proforma is based on making $200K in improvements and installing water submeters to each unit.
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 thirteen (8) one-bedroom, one-bath units and (5) 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 or townhouse development.
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.
Attached Proforma is based on making $200K in improvements and installing water submeters to each unit.
PROPERTY FACTS
| Price | $3,177,428 CAD | Building Class | C |
| Price Per Unit | $244,418 CAD | Lot Size | 0.16 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 | CG - 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 | $3,177,428 CAD |
| Price Per Unit | $244,418 CAD |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,062 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | CG - 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 Number | A-23-29-18-4SU-000007-00002.0 | Improvements Assessment | $465,677 CAD |
| Land Assessment | $546,962 CAD | Total Assessment | $1,012,639 CAD |
PROPERTY TAXES
Parcel Number
A-23-29-18-4SU-000007-00002.0
Land Assessment
$546,962 CAD
Improvements Assessment
$465,677 CAD
Total Assessment
$1,012,639 CAD
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106 S Delaware Ave
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