UNDER CONTRACT | CITRUS RUN | 72 units | 2015 Construction | Core Plus | Tampa, FL

8870 W Waters Ave Tampa, FL 33615

  • 77,480 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

Built in 2015, Citrus Run is a 72-unit garden-style apartment community composed of one and two bedroom apartment homes in Tampa, Florida. Conveniently located in Northwest Tampa at the corner of West Waters Avenue and Sheldon Road, Citrus Run is close to shopping and dining. The property offers top-quality features such as quartz counters, luxury wood floors and walk-in closets. The community also features a swimming pool, dog park, and is located directly on the bus route with an adjacent bus stop.

Area Available: 77,480 Square Feet

Features:

  • With current in-place rents at $1.06 PSF, this represents a tremendous opportunity for investors to push rents to competing new construction levels.
  • Tampa Bay area 5th highest population growth in nation. 58,000 new residents moved to the Tampa Bay area in 2016
  • The property offers top-quality features such as quartz counters, luxury wood floors and walk-in closets.
  • Insulated from New Supply: the submarket is not expected to deliver any units in 2017.
  • Tampa-St. Petersburg-Clearwater, FL Metro Area’s job growth to be 2.1% in 2018, with 27,983 jobs added.

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