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316 W Columbus Dr 7 Unit Apartment Building $1,394,499 CAD ($199,214 CAD/Unit) 8.40% Cap Rate Tampa, FL 33602
Executive Summary
Fully rented multi-unit investment opportunity just minutes from Armature Works and Downtown Tampa. This income-producing property features multiple structures with strong rental flexibility and future development potential in a rapidly growing corridor.
The front building includes a 4 bedroom / 2 bath layout currently configured into four individual units, plus an upstairs 2 bedroom / 1 bath unit and an additional 1 bedroom / 1 bath unit below. In the rear of the property, a detached 1 bedroom / 1 bath cottage provides additional income and tenant appeal.
Property features include community laundry, private laundry inside the 4/2, and multiple rental configurations designed to maximize cash flow. Prime location near the Riverwalk, Armature Works, Downtown Tampa dining, retail, and major employment hubs.
Fully rented with immediate income in place. Strong cash flow today with long-term appreciation and redevelopment upside. Ideal for investors seeking stabilized returns in a high-demand area.
The front building includes a 4 bedroom / 2 bath layout currently configured into four individual units, plus an upstairs 2 bedroom / 1 bath unit and an additional 1 bedroom / 1 bath unit below. In the rear of the property, a detached 1 bedroom / 1 bath cottage provides additional income and tenant appeal.
Property features include community laundry, private laundry inside the 4/2, and multiple rental configurations designed to maximize cash flow. Prime location near the Riverwalk, Armature Works, Downtown Tampa dining, retail, and major employment hubs.
Fully rented with immediate income in place. Strong cash flow today with long-term appreciation and redevelopment upside. Ideal for investors seeking stabilized returns in a high-demand area.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,394,499 CAD | Building Class | C |
| Price Per Unit | $199,214 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,958 SF |
| Cap Rate | 8.40% | Average Occupancy | 85% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Single-Family Home | ||
| Zoning | RM-16 - Residential Multiple-Family | ||
| Price | $1,394,499 CAD |
| Price Per Unit | $199,214 CAD |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,958 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1921 |
| Opportunity Zone |
Yes |
| Zoning | RM-16 - Residential Multiple-Family |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $4,867 CAD | 1,200 |
| 2+1 | 1 | $2,489 CAD | 800 |
| 1+1 | 2 | $1,553 CAD | 400 - 750 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | A-13-29-18-4Y3-000001-00008.0 | Improvements Assessment | $218,325 CAD |
| Land Assessment | $245,716 CAD | Total Assessment | $464,040 CAD |
Property Taxes
Parcel Number
A-13-29-18-4Y3-000001-00008.0
Land Assessment
$245,716 CAD
Improvements Assessment
$218,325 CAD
Total Assessment
$464,040 CAD
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316 W Columbus Dr
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