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Tampatown Apartments 3111 W Horatio St 16 Unit Apartment Building $5,502,314 CAD ($343,895 CAD/Unit) 6.11% Cap Rate Tampa, FL 33609
Investment Highlights
- Asset is 100% occupied in highly constrained submarket
- New dimensional shingle roof in 2019
- $120,078 two-mile average household income is 17.57% higher than Florida average
- Concrete block construction, with freshly painted exterior
- BBQ/picnic area and on-site laundry facility (on a cancelable profit share)
Executive Summary
16-unit multifamily community located in affluent South Tampa, Florida. All units recently upgraded to Class ‘A’ standard, with new quartz countertops and undermount sinks, new white shaker cabinetry, stainless steel appliances with built-in microwave and dishwasher, brushed gold fixtures and hardware and new vinyl plank flooring throughout. Situated in the heart of South Tampa, the asset affords ease of access to Downtown Tampa, Westshore Business District, Hyde Park Village, Midtown, Water Street Tampa, Interstate 275, and numerous nearby employers, restaurants and retail options.
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 | $5,502,314 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $343,895 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 6.11% | Building Size | 10,500 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Zoning | RM-24 - Residential Multifamily | ||
| Price | $5,502,314 CAD |
| Price Per Unit | $343,895 CAD |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 10,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Zoning | RM-24 - Residential Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 625 - 750 |
| 2+1 | 3 | - | 750 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | A-22-29-18-3MU-L00000-00003.0 | Improvements Assessment | $1,953,287 CAD (2025) |
| Land Assessment | $138 CAD (2025) | Total Assessment | $1,953,425 CAD (2025) |
Property Taxes
Parcel Number
A-22-29-18-3MU-L00000-00003.0
Land Assessment
$138 CAD (2025)
Improvements Assessment
$1,953,287 CAD (2025)
Total Assessment
$1,953,425 CAD (2025)
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Tampatown Apartments | 3111 W Horatio St
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