{"id":1004127973,"date":"2015-09-23T03:22:53","date_gmt":"2015-09-23T11:22:53","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361469"},"modified":"2022-03-03T21:37:59","modified_gmt":"2022-03-04T05:37:59","slug":"vintage-hyde-park-portfolio-brought-up-to-speed","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vintage-hyde-park-portfolio-brought-up-to-speed\/","title":{"rendered":"Vintage Hyde Park Portfolio Brought Up to Speed"},"content":{"rendered":"
\"Hyde<\/a><\/p>\n

Hyde Park Apartments<\/p>\n<\/div>\n

The 36-unit Hyde Park Apartment Portfolio situated in the A+ Hyde Park and South Tampa submarkets sold for $4.13 million, as announced by Marcus & Millichap<\/a><\/strong>\u2019s Tampa office in mid-September. The identities of both parties involved in the transaction were undisclosed.<\/p>\n

The portfolio is comprised of 30 one-bedroom\/one-bathroom and five two-bedroom\/two-bathroom units and a studio in three properties totaling 23,830 square feet. The Rome and Dekle communities are 1920s vintage assets located within a few blocks of each other in the Historic Hyde Park neighborhood. The third one is also a vintage community, built in the 1960s, and it is located just west of Memorial Hospital in the Palma Ceia Gardens neighborhood. The units range in size from 375 rentable square feet up to 1,025 rentable square feet.<\/p>\n

An investment team led by Vice Presidents Michael P. Regan, Francesco P. Carriera and Casey Babb, along with Associates Cameron Barbas and Ari Ravi of Marcus & Millichap\u2019s Tampa office marketed the property on behalf of the seller. The same team also secured and represented the buyer.<\/p>\n

The new ownership plans to carry out a series of interior and exterior upgrades in order to bring rents in line with the current market rate. The portfolio sold at a cap rate of 6.54 percent.<\/p>\n

Photo credit: Marcus & Millichap<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

An apartment portfolio consisting of three assets within the class A+ Hyde Park and South Tampa submarkets was picked up by a private investor.<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1612],"tags":[682],"class_list":["post-1004127973","post","type-post","status-publish","format-standard","hentry","category-latest","category-tampa","tag-news"],"acf":[],"yoast_head":"\nVintage Hyde Park Portfolio Brought Up to Speed - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vintage-hyde-park-portfolio-brought-up-to-speed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vintage Hyde Park Portfolio Brought Up to Speed\" \/>\n<meta property=\"og:description\" content=\"An apartment portfolio consisting of three assets within the class A+ Hyde Park and South Tampa submarkets was picked up by a private investor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vintage-hyde-park-portfolio-brought-up-to-speed\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-23T11:22:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T05:37:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Hyde-Park-Apartments.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vintage-hyde-park-portfolio-brought-up-to-speed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vintage-hyde-park-portfolio-brought-up-to-speed\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Vintage Hyde Park Portfolio Brought Up to Speed\",\"datePublished\":\"2015-09-23T11:22:53+00:00\",\"dateModified\":\"2022-03-04T05:37:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vintage-hyde-park-portfolio-brought-up-to-speed\\\/\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vintage-hyde-park-portfolio-brought-up-to-speed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Hyde-Park-Apartments.jpg\",\"keywords\":[\"News\"],\"articleSection\":[\"News\",\"Tampa\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vintage-hyde-park-portfolio-brought-up-to-speed\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vintage-hyde-park-portfolio-brought-up-to-speed\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vintage-hyde-park-portfolio-brought-up-to-speed\\\/\",\"name\":\"Vintage Hyde Park Portfolio Brought Up to Speed - 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