$13,000,000 / 2br - 46460ft2 - 56 unit apartment complex, South Tampa. (Tampa)

For sale by Owner. 56 unit apartment complex in South Tampa. Lois Landing Apartments, 115 S. Lois Avenue, Tampa, FL 33609 32 1-1 units and 24 2-1 units upon 2+ acres of land in a prime location. $14,000.000.00 firm. Many are fully renovated with granite counter tops, in unit washers and dryers, and other amenities. All are nice. Separate community laundry, dog park, gymnasium, heated pool and hot tub with therapy action, barbeques and fire pits, certified lead paint free, Many of the rents are low and there is a large upside potential. Fully rented the income is $99,815. Cash out deal only. I will not carry paper or accept any creative financing. Terms for Lois Landing: $13,000,000, as is no repairs. Current gross rent, full rented, before expenses is = $99,250.00. $225K cash down at the signing of the PSA. $25K non-refundable after 10 days of DD. $200K non-refundable after the total of 30 days DD. I will not consider any OWC or creative financing Buyer splits 50/50 closing fees. Close 30 days after DD. Or sooner. The tenants pay some of their own utilities. 56 units total. Mix: 32 one/one’s and 24 two/one’s. 90+ parking spaces. Heated swimming pool and spa. Fire pits, Amazon boxes, Fitness center. Dog park with dog bath. Automobile vacuum and compressed air station. This place is ideal for AirBnB rentals, corporate leasing, or modified for independent living. In the past the apartments were condominiums and converted to apartments. Certified lead paint and asbestos free. Email me your introduction and I will supply documents. Roy.