Investment Opportunity: Regency Square
NAI Tampa Bay is pleased to introduce you to the Regency Square apartments in northeast Tampa. This fully stabilized garden apartment property is extremely well kept with no deferred maintenance visible and totals 120 units, a majority of which are 2 bed / 1 1/2 bath or larger. Amenities at the property include gated entry, tennis & basketball courts, laundry facilities, swimming pool, playground areas and on-site leasing office. Units are housed in six 2-story concrete block buildings which were originally constructed in 1976. All units enjoy private patio areas, central HVAC, open floor plans, ceiling fans and walk-in closets.
Over the past 12 months, the property’s exteriors have been repainted, the parking lots have been striped and sealed and over the past 3 years all of the roofs have been replaced. Upside exists through continual upgrades to the interiors.
OFFERING HIGHLIGHTS |
|
PLACES OF INTEREST |
- Well kept Class B property in in-fill location
- Numerous recent improvements including new paint job, newly surfaced parking lots
- Value-add potential through interior upgrades and addition of fitness center and car care center
- Location is near I-275, 2 schools, University Square Mall and USF
- Property is considered ‘best in class’ in immediate area and consistently outperforms the market in terms of occupancy thereby providing predictable, stable cash flows
Community Amenities at the property include:
- Swimming Pool and sundeck
- BBQ Areas
- Laundry Facilities
- On-Site Leasing Center
- Playground and Picnic Area
Unit Features at the property include:
- Central HVAC
- Private Patios / Balconies (per plan)
- Large Walk-in Closets
- Fully Appointed Kitchen
- Spacious Floor Plans
|
|
• Shaw Elementary School
• DeBartelo Magnet School
• University Regional Mall
• I-275
• Veteran’s Hospital
• University of South Florida
• Busch Gardens
• University Hospital
• Museum of Science Industry
• I-75
• I-4
• Downtown Tampa
• Tampa International Airport
• Downtown St. Petersburg
• Clearwater Beaches |
0.06 Miles
0.09 Miles
0.51 Miles
0.70 Miles
1.25 Miles
1.35 Miles
1.68 Miles
1.72 Miles
1.82 Miles
5.40 Miles
5.95 Miles
7.07 Miles
7.27 Miles
23.70 Miles
24.00 Miles |
For additional information, please contact:
Casey Babb, CCIM
813.872.7200 x19
cbabb@naitampabay.com
Bill Renje, CCIM
813.907.6368
brenje@naitampabay.com
T. Sean Lance Director
813.872.7200 x20
|
