Parsons Green

Parsons Green Apartments is a 32-unit garden-style multifamily community located at 200 Cook Street in the heart of Brandon, Florida. The property offers an evenly balanced unit mix consisting of 16 one-bedroom/one-bath residences averaging approximately 600 square feet and 16 two-bedroom/one-bath residences averaging approximately 850 square feet. The community is arranged around two landscaped courtyard areas and includes an on-site management office and centralized resident laundry facility. While the property currently maintains a limited amenity package, its existing physical layout provides a compelling opportunity for a new owner to meaningfully enhance the resident experience through targeted, relatively modest capital improvements. Potential enhancements include upgraded courtyard gathering areas with outdoor seating, grilling and dining spaces, improved pedestrian pathways and lighting, refreshed landscaping, a modernized laundry facility, resident Wi-Fi and charging areas, and an upgraded on-site office. Additional curb appeal improvements provide another straightforward value-add opportunity: hiding the eyesores and elevating the experience through screening of dumpsters, utility areas and adjacent commercial uses with upgraded fencing, while modernizing community signage and landscaping to create a cleaner, more cohesive and professionally managed residential environment. Collectively, these improvements offer the potential to strengthen Parsons Green’s competitive positioning, enhance tenant retention and marketability, and support future rental growth.

Recent improvements include roof and HVAC replacements in 2019, with HVAC systems upsized to approximately 2 tons for one-bedroom units and 2.5 tons for two-bedroom units; replacement of most water heaters; copper electrical wiring; sewer line replacements in 2022 serving all 16 west-side units and kitchen lines for the 16 east-side units; full exterior painting in 2025 with additional touch-up work completed in August 2026, including walkways; and installation of a new 16-camera, 8MP PoE security system with 4TB storage in August 2026. These improvements materially reduce near-term capital exposure for a new owner while supporting continued operational stability.
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The property benefits from an infill location within Brandon, one of Tampa Bay’s most established suburban employment and rental markets. Parsons Green is positioned near Brandon Boulevard and the area’s dense concentration of retail, restaurants, services and employment, while offering convenient connectivity to Interstate 75, the Lee Roy Selmon Expressway and the broader Tampa employment base. Major nearby demand drivers include HCA Florida Brandon Hospital, Brandon Exchange, the Brandon retail corridor, Hillsborough Community College’s Brandon Campus and the substantial concentration of healthcare, professional services, distribution and retail employment throughout eastern Hillsborough County. The location also provides residents convenient access to Downtown Tampa, Water Street Tampa, the Westshore Business District and other major employment centers throughout the Tampa Bay MSA.

Combined with its manageable 32-unit scale, balanced one- and two-bedroom unit mix and identifiable property-level value-add opportunities, Parsons Green presents investors with the ability to acquire an established Brandon community and strategically reposition the asset to capture additional rental and ancillary income upside.

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