Jefferson Street Apartments

LOCATION HIGHLIGHTS — Tampa Heights • Booming Urban Core: Situated in the heart of one of Tampa’s most transformative neighborhoods, surrounded by ongoing residential and commercial development. • Revitalization Momentum: Tampa Heights has become a hub for local businesses, modern living, and cultural vibrancy, attracting strong tenant demand and investor interest. • Downtown Proximity: Minutes from downtown Tampa, Armature Works, Riverwalk, and major employment centers. • Walkable & Connected: The area offers high walkability and strong community appeal, especially to professionals and creatives seeking an authentic urban lifestyle.2301 N Jefferson Street Tampa, FL 33602 APN: A-13-29-18-4XK-000001-00007.1 APN: A-13-29-18-4XK-000001-00007.2 (VACANT LAND) Located in the rapidly growing Tampa Heights submarket, this vintage multifamily property offers 8 units with a mix of 4 renovated studios and 4 unrenovated one-bedroom/one-bathroom apartments—ideal for investors seeking both immediate income and long-term upside. Originally built in 1924 and thoughtfully updated in 1974, the property encompasses approximately 3,576 square feet of living space. Recent capital expenditure upgrades include new plumbing and electrical systems installed within the past five years, ensuring modern utilities and reducing near-term capital expenditure. VALUE-ADD OPPORTUNITIES: • Renovate Remaining Units: Updating the 4 one-bedroom units offers significant upside in both rental income and property valuation. • Rental Upside: Current rents are below the Tampa Heights submarket average, offering room for near-term NOI growth. • Interior Modernization: Installing modern fixtures, stainless appliances, quartz countertops, and vinyl plank flooring can further increase marketability and reduce turnover. • Vacant Land Included: The offering includes an adjacent .05-acre vacant parcel (APN: A-13-29-18-4XK-000001-000072A) ideal for: • Additional parking to support higher density tenancy • Outdoor tenant amenities (courtyard, garden, bike racks) • Future development potential for a small dwelling or accessory structure, subject to zoning This parcel enhances the site’s utility, flexibility, and long-term value.