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Blossom Ave, FL 33164
Asking Price
$3.90M
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B
What's Special
Tampa Development Opportunity <p><span style="color: rgba(0, 0, 0, 1)">Rare Tampa infill land development opportunity in the Pinecrest West Park area. The Blossom Avenue Project consists of a 24-lot residential assemblage totaling approximately 3.38± acres / 147,233± SF, with all lots controlled by the same ownership group. Current conceptual materials contemplate a 24-lot single-family residential development, creating an opportunity for a developer, builder, investor group, or build-to-rent operator to pursue a residential
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NOI
$80,000
Cap Rate
2.05%
DSCR
0.35
Underwater
Cash-on-Cash
-12.95%
Monthly Payment
$19,295.072
Annual Cash Flow
$-151,540.865