The Company Real Estate 

Multi-Family For Sale

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CASABLANCA APARTMENTS AT UNIVERSITY

14350 Hensel Lane Tampa, FL 33613
Price:
Not Disclosed
Building Size:
151,142 SF
Property Type:
Multi-Family
Property Use Type:
Investment
Total Units:
241
Lot Size:
8.00 Acres
Occupancy:
99.20%
Lease Terms:
Gross
Year Built:
1970
Cyril Bijaoui
(786) 326-3774
MAIN OFFICE
2980 McFarlane Road
Miami, FL 33133
p. (305) 447-1471
f. (305) 447-1471
Casablanca Apartments in Tampa (University area), FL has 241 units with 100% of value add remaining and a very safe stable income stream in the interim. Alternative Value Add by converting to Student or Affordable Housing. Built in 1970 of concrete block construction and renovated in 2016, Casablanca is situated on an 8 acre site, and is comprised of 24 two-story residential buildings, a two-story clubhouse, and a single-story laundry building. Offered free and clear of debt or with attractive assumable non-recourse agency debt.

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Location

Casablanca Apartments is a 241-unit, garden-style rental community located within the University submarket of Tampa, which is within Hillsborough County, Florida. With nearly 260,000 residents within a 5 mile radius from the subject, the University submarket has experienced a significant population boom in the past 20 years largely in part to its close proximity to the University of South Florida’s main campus and three major area hospitals.

Map for 14350 Hensel Lane Tampa, FL 33613 ( County)

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*All representations made by broker are not guaranteed and should be verified by prospective buyer/tenant.*