5901 Bryce Lane, Tampa, FL 33615
- $4,052,000
- 18,277
- SqFt
- List Price
- $4,052,000
- Status
- Active
- MLS#
- TB8550910
- Property Type
- Quadruplex
- Living Area
- 18,277
- Lot Size
- 77,536
- Region
- Tampa / Town and Country
- Area
- 18277
- County
- Hillsborough
- Acres
- 1.78
- Year Built
- 1983
Property Description
A 34-unit, 5-building garden-style community on 1.78 acres in one of West Tampa's tightest-fundamental submarkets, minutes from Tampa International Airport and the Veterans Expressway. Built in 1983 and 94% occupied, this is a small-bay multifamily asset with real, in-place rent upside — not a pro forma story. The math: in-place 1-bedroom rents run $925 to $1,250 against a $1,144 average, and every point of that spread closes with routine turnover and light unit-level work — flooring's already been swapped in multiple units (9/2025, 11/2025), and a water heater replaced as recently as 7/2025. Electric is individually metered per unit, keeping the expense line clean; water runs on a single master meter. Offered at $4,052,000 — $119,176 per unit — against a 6.5% cap rate on 2026 annualized NOI of $263,384. Low density, low deferred maintenance, and a rent roll with room to run.
Additional Information
- Roof
- Shingle
- Land Type
- No Deed Restriction
- Zoning
- RMC-16
- Lot Size
- 77,536
- Construction
- Metal Siding, Frame
- Year Built
- 1983
- Sewer
- Public Sewer
- New Construction
- Yes
- Heating
- Ductless
- Subdivision
- Unplatted
- Living Area
- 18,277
Listing courtesy of REALTY ONE GROUP ADVANTAGE. 813-909-0909
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