SAN JUAN APARTMENTS
SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire San Juan Apartments, a 4-unit multifamily property located within 5-minutes of Downtown Tampa and the $3 Billion Water Street Tampa Project. This premier location in the Palma Ceia Submarket with an average home price of $617,000+, boasts superior walkability to Bayshore Boulevard which provides residents with an easy 10-minute bike ride to the retail and restaurants of South Howard Avenue and Hyde Park Village. The Property was built in 1926 of concrete block and includes all 2-bedroom/1-bathroom units with attached sunrooms, washer/dryer appliances, a large backyard primed for additional amenity space, off-street parking, and a shared balcony. Of the four units, three have been renovated with high-quality finishes such as stainless steel appliances, wood floors, shaker style cabinets with upgraded pulls, upgraded light fixtures, tile backsplashes in the kitchen, and granite and quartz countertops.
Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.
4
UNITS
3,400
SQFT
1926/2019
YEAR BUILT/RENOVATED
PRICED AT MARKET BID
VITAL PROPERTY DATA
PROPERTY ADDRESS: 3303 West San Juan Street, Tampa, FL
NUMBER OF UNITS: 4 Units
RENTABLE SQUARE FOOT: 3,400 SF
AVERAGE UNIT SIZE: 850 SF
NUMBER OF BUILDINGS: (1) Residential
PARKING SURFACE: Asphalt
LOT SIZE: 0.11 Acres +/-
FINANCING: Free and Clear
MULTIFAMILY ASSET WITH HISTORICAL ARCHITECTURE
Favorable Unit Mix Consisting of All Two-Bedroom/One-Bathroom Units
In-Unit Washer/Dryer Appliances and Large Sunroom
Located Within the 2nd Highest “BUY” Recommendation Market in the U.S. for 2021 (ULI/PwC)
Ownership has Successfully Increased Rental Rates 16% Since Fall of 2018
Opportunity to Increase Low Rents by 300+
In-Place Average Effective Rents are 21% Below the Average of All Rent Comparables
Three Units have been Fully Renovated With Stainless Steel Appliances, Tile Backsplashes in the Kitchen, Granite and Quartz Countertops, Wood Floors, Shaker Style Cabinets with Upgraded Pulls, and More
LOCATED IN PRESTIGIOUS PALMA CEIA SUBMARKET
1-Minute to Bay-to-Bay Boulevard Restaurants & Retail
3-Minutes to Bayshore Boulevard
3-Minutes to HB Plant Highschool, Ranked #1 Highschool in Tampa
4-Minutes to the Prestigious Palma Ceia County Club
5-Minutes to Downtown Tampa and the Water Street Development
5-Minutes To Memorial Hospital of Tampa
5-Minutes To the 50+ Bars and Restaurants of South Howard Avenue & Hyde Park Village
7-Minutes to Tampa General Hospital (#1 Hospital in Tampa Bay for Five Consecutive Years
10-Minutes to Tampa International Airport
11-Minutes to International Mall & Bay Street Restaurants & Retail
TAMPA BAY: A TOP TIER INVESTMENT MARKET
#1 Most In-Migration in the U.S. Since March 2020 (FCP/Orbital Insights)
#2 Highest “BUY” Recommendation in the U.S. For 2021 (ULI/PwC)
#6 Top Real Estate Market to Watch in 2021 (ULI/PwC)
#9 Fastest Growing Large City in the U.S. From 2010-2019 (Patch)
#11 Strongest Local Economy in the U.S. For 2021 (ULI/PwC)
42.7% Projected 10-Year Future Job Growth (BestPlaces)
8.96% Projected Hillsborough County Population Growth by 2025 (Census)
DEAL TEAM CONTACTS
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
Jhamil Moore
Investment Associate
O. (407) 557-3830
Jhamil.Moore@marcusmillichap.com
Contact an Agent Listed Above to Schedule Property Tours