Log In/Sign Up
Your email has been sent.
Terrace Square Apartments 12211 N 59th St 26 Unit Apartment Building $4,238,116 CAD ($163,004 CAD/Unit) 7.09% Cap Rate Tampa, FL 33617
Investment Highlights
- All new roofs in 2026 and majority of HVAC systems replaced in last six years
- Concrete block construction built in two phases —1974 and 1982
- Five minutes to Interstate 75
- Tile flooring throughout
- Entire community uses well water—drastically reducing normalized water utility costs for the area
- Five minutes to University of South Florida with more than 50,000 students
Executive Summary
A 26-unit multifamily community in Temple Terrace, Florida (Tampa Bay MSA). Favorable unit mix of 100% two- and three-bedroom units. Significant value add potential through unit-interior renovations and common-area improvements which may realize a 21.5% increase in Effective Gross Income end of Year Two. Ten minutes to 415-bed Haley VA Hospital & internationally renowned Busch Gardens Tampa Bay.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,238,116 CAD | Apartment Style | Garden |
| Price Per Unit | $163,004 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.69 AC |
| Cap Rate | 7.09% | Building Size | 20,392 SF |
| No. Units | 26 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Zoning | RMC-20 | ||
| Price | $4,238,116 CAD |
| Price Per Unit | $163,004 CAD |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.69 AC |
| Building Size | 20,392 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | RMC-20 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 576 |
| 2+1 | 24 | - | 720 - 816 |
| 3+1 | 1 | - | 1,235 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | U-10-28-19-1HO-000000-00068.0 | Improvements Assessment | $2,811,756 CAD (2025) |
| Land Assessment | $142 CAD (2025) | Total Assessment | $2,811,898 CAD (2025) |
Property Taxes
Parcel Number
U-10-28-19-1HO-000000-00068.0
Land Assessment
$142 CAD (2025)
Improvements Assessment
$2,811,756 CAD (2025)
Total Assessment
$2,811,898 CAD (2025)
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Terrace Square Apartments | 12211 N 59th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.