418 E AMELIA AVE

CLICK HERE TO VIEW OFFERING MEMORANDUM

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire 418 E Amelia Ave. The property is a 7 unit, two-building opportunity located in the up-and-coming Tampa Heights neighborhood of Tampa, FL. 418 E Amelia Ave is within 5 minutes of popular Tampa locations such as Armature Works, Ybor City, Downtown Tampa and the new The Heights Development. The property was built in 1912 & 1947 and consists of 6 two-bedroom, and one three-bedroom units. 418 E Amelia Ave offers investors the opportunity to acquire an asset with average in-place rents 41% to 72% below the average rents achieved by all directly comparable properties and located within the #1 Metro in the Southeast for Net Migration, according to WalletHub.

Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.

7
UNITS

5,200
SQFT

1912 & 1947
YEAR BUILT

PRICED AT MARKET BID

VITAL PROPERTY DATA

  • Property Address: 418 E Amelia Avenue, Tampa, FL

  • NUMBER OF UNITS: 7 Units

  • RENTABLE SQUARE FOOT: 5,200 SF

  • AVERAGE UNIT SIZE: 800 SF

  • NUMBER OF BUILDINGS: (2) Residential

  • LOT SIZE: 0.14 Acres +/-

  • FINANCING: Free and Clear

INCREDIBLE VALUE ADD OPPORTUNITY

  • Rare Value-Add Opportunity Within One of the Next Up-And-Coming Tampa Neighborhoods

  • Ability to Increase Rents Upon Completion of Strategic Property Renovations

  • Located Within the Number One Ranked “Top 25 Markets for Current and Forecasted Multifamily Rental Growth” (WealthManagement.com)

  • Located Within Blocks of the 43-Acre Mixed-Use Heights Master Plan Development

  • Situated Within Ten Minutes of Over 92,000 Jobs

  • In-Place Average Effective Rents are 41% and 72% Below the Average of All Rent Comparables

  • Ability to Increase Net Operating Income by 81.41% Within the First Twelve to Fifteen Months Following Acquisition

IN THE HEART OF TAMPA HEIGHTS

  • 4-Minutes to Armature Works

  • 4-Minutes to The Heights Development (342,000 SF of Office Space)

  • 4-Minutes to Ybor City Historic District

  • 5-Minutes to Downtown Tampa (75,000+ Employees)

  • 8-Minutes to Water Street Tampa (9,900+ Employees)

  • 8-Minutes to University of Tampa (650 Employees)

  • 11-Minutes to Hyde Park Village

  • 12-Minutes to Tampa General Hospital (8,000 Employees)

  • 12-Minutes to Raymond James Stadium (3,000 Employees)

TAMPA BAY: A TOP TEN REAL ESTATE MARKET

  • #1 Best City to Live in, Statewide, #15 in the U.S. –WalletHub

  • #1 Metro in the Southeast for Net Migration –WalletHub

  • #1 City in the U.S. that Americans are Moving To –Forbes

  • #1 Best City in the Southeast –Money Magazine

  • #1 S.T.E.M. Job Growth in Florida –State of Florida

  • #2 Highest Buy Recommendation in the U.S. for 2021 –ULI/PWC

  • #3 Fastest Growing City in Florida –U.S. Census Bureau

DEAL TEAM CONTACTS

Jhamil Moore
Investment Associate
O. (407) 557-3830
Jhamil.Moore@marcusmillichap.com

Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com

Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com

Contact an Agent Listed Above to Schedule Property Tours