Log In/Sign Up
Your email has been sent.
501 W Baker St 6 Unit Apartment Building $876,500 CAD ($146,083 CAD/Unit) 8% Cap Rate Plant City, FL 33563
Investment Highlights
- Durable Construction: Built with wood frame walls and metal roofs.
- Recent Exterior Upgrades: Fresh exterior paint, new landscaping, and pressure-washed roofs boost curb appeal and reduce future maintenance.
- Prime location in Plant City, just a short drive to both Tampa and Lakeland, offering convenient access to major employment hubs
Executive Summary
The Apartment Brokers proudly present Palm Haven Apartments, a 6-unit multifamily property located in Plant City, Hillsborough County, Florida. Built between 1934 and 1948, the property spans 3,336 square feet across 0.51 acres, offering investors a turnkey asset with recent capital improvements and strong income potential.
The unit mix includes 2 two-bedroom, two-bath units, 3 one-bedroom, one-bath units, and a single studio unit, appealing to a wide range of tenant needs. Four out of the six units were completely renovated, featuring updated finishes that enhance their rental appeal. The buildings are constructed with wood frame exterior walls and topped with durable metal roofs. The exterior of the property was recently painted and repaired, and landscaping was redone, providing excellent curb appeal. Additionally, the roofs were pressure washed, contributing to a clean, well-cared-for presentation.
Each unit is equipped with window AC units for cost-effective climate control. Utilities include sub-metered electric paid by tenants, while the landlord covers city water, sewer, and trash services, simplifying management. The large lot offers ample parking and green space for residents, making this a truly turnkey investment opportunity.
The unit mix includes 2 two-bedroom, two-bath units, 3 one-bedroom, one-bath units, and a single studio unit, appealing to a wide range of tenant needs. Four out of the six units were completely renovated, featuring updated finishes that enhance their rental appeal. The buildings are constructed with wood frame exterior walls and topped with durable metal roofs. The exterior of the property was recently painted and repaired, and landscaping was redone, providing excellent curb appeal. Additionally, the roofs were pressure washed, contributing to a clean, well-cared-for presentation.
Each unit is equipped with window AC units for cost-effective climate control. Utilities include sub-metered electric paid by tenants, while the landlord covers city water, sewer, and trash services, simplifying management. The large lot offers ample parking and green space for residents, making this a truly turnkey investment opportunity.
Property Facts
| Price | $876,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $146,083 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 8% | Building Size | 3,336 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1934 |
| Property Subtype | Apartment | ||
| Zoning | R-1 - Residential - 1 | ||
| Price | $876,500 CAD |
| Price Per Unit | $146,083 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 3,336 SF |
| No. Stories | 1 |
| Year Built | 1934 |
| Zoning | R-1 - Residential - 1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 490 - 727 |
| 2+1 | 1 | - | 575 |
| 2+2 | 1 | - | 727 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $287,615 CAD | |
| Land Assessment | $181,872 CAD | Total Assessment | $469,487 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$181,872 CAD
Improvements Assessment
$287,615 CAD
Total Assessment
$469,487 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
501 W Baker 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.