Lois Apartments 8412-8420 N Lois Ave 20 Unit Apartment Building For Sale Tampa, FL 33614

CBRE is pleased to present Lois Apartments, a recently renovated, 20-unit concrete block community at 8412–8420 N Lois Avenue in Tampa's established Carrollwood corridor, offering investors a turnkey asset in one of Tampa Bay's most durable rental markets.
Constructed in 1981 of solid concrete block, the property has undergone a comprehensive, top-to-bottom renovation under current ownership. Comprised entirely of spacious two-bedroom floorplans, the unit mix appeals to a broad base of roommates, small families, and value-conscious renters at attainable workforce rents. Interiors have been rebuilt with granite countertops, stainless steel appliances, subway-tile baths, new vinyl plank flooring, updated lighting, fixtures, and paint, and in-unit laundry in the majority of units, while exterior capital includes new roofs, windows, finishes and paint, a new parking lot, and completed landscaping. The durable concrete block construction offers meaningful advantages in Florida's evolving insurance environment, including favorable underwriting treatment and reduced maintenance exposure, while the completed renovation minimizes near-term capital needs and supports renovated-rent premiums on a stabilized resident base.
In established Carrollwood, the property sits roughly nine miles from downtown Tampa and 16 minutes from Tampa International Airport, with immediate access to the Dale Mabry retail corridor, AdventHealth Carrollwood, and the University of South Florida. A deep base of healthcare, education, and service employment, paired with median household income near $77,000, supports consistent rental demand.
With its solid concrete block construction, completed value-add renovation, and position in one of Tampa Bay's most resilient workforce-housing submarkets, Lois Apartments represents a compelling opportunity for investors seeking stable cash flow with limited near-term capital needs."