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Colonial Club Apartments 7802-7806 Colonial Club Ct 12 Unit Apartment Building $2,866,794 CAD ($238,899 CAD/Unit) Riverview, FL 33578
Investment Highlights
- Nicely Renovated 12-Unit Apartment Community in the Rapidly Growing Riverview, FL
- Unit Interiors Feature LVP Flooring, White Shaker Cabinets, Stainless Steel Appliances, Washers & Dryers, and Updated Showers and Vanities
- Riverview has Posted Strong Population Growth of 10%+ Over the Past 5 Years (CoStar)
- Attractive Unit Mix of 800 SF 2-Bedroom Floorplans w/ Washers & Dryers Provided
- Ability to Boost Additional Income by Achieving 100% Implementation of RUBS Program
- Located Just 12 Miles Outside of Downtown Tampa, the Premier CBD in the Region with Significant Entertainment Options
Executive Summary
Colonial Club Apartments is a nicely renovated 12-unit apartment community located in the rapidly growing Riverview, FL submarket. Built in 1982 with concrete block construction, pitched roofs, and central HVAC, the property features an attractive unit mix of spacious 800 square foot two-bedroom floorplans with washers and dryers provided. Recent capital improvements have significantly upgraded the asset, including extensive interior renovations to nearly all units, major system upgrades, fresh exterior paint, and enhanced landscaping.
The property offers stable in place cash flow with additional upside through full implementation of the RUBS program. Unit interiors feature modern finishes such as LVP flooring, white shaker cabinets, stainless steel appliances, and updated kitchens and baths. Riverview continues to experience strong population and employment growth, supported by new healthcare and retail developments nearby. Located just 12 miles from Downtown Tampa and surrounded by national retailers including ALDI, The Home Depot, Target, Publix, and Walmart, Colonial Club Apartments is well positioned for continued demand and long-term growth.
The property offers stable in place cash flow with additional upside through full implementation of the RUBS program. Unit interiors feature modern finishes such as LVP flooring, white shaker cabinets, stainless steel appliances, and updated kitchens and baths. Riverview continues to experience strong population and employment growth, supported by new healthcare and retail developments nearby. Located just 12 miles from Downtown Tampa and surrounded by national retailers including ALDI, The Home Depot, Target, Publix, and Walmart, Colonial Club Apartments is well positioned for continued demand and long-term growth.
Property Facts
| Price | $2,866,794 CAD | Building Class | C |
| Price Per Unit | $238,899 CAD | Lot Size | 0.68 AC |
| Sale Type | Investment | Building Size | 9,744 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1982 |
| Apartment Style | Low-Rise | ||
| Zoning | RMC-16 | ||
| Price | $2,866,794 CAD |
| Price Per Unit | $238,899 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 9,744 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
| Zoning | RMC-16 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 800 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,293,340 CAD | |
| Land Assessment | $218,152 CAD | Total Assessment | $1,511,493 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$218,152 CAD
Improvements Assessment
$1,293,340 CAD
Total Assessment
$1,511,493 CAD
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Colonial Club Apartments | 7802-7806 Colonial Club Ct
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