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$1,950,000

5901 Gibson Avenue Tampa, FL 33617 Multi Unit - Multiple Active

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Description

Campus Gardens presents an exceptional opportunity to acquire a well-maintained 12-unit multifamily community located in Tampa's highly desirable USF corridor, just minutes from the University of South Florida, Moffitt Cancer Center, James A. Haley Veterans' Hospital, Advent Health Tampa, Busch Gardens, University Mall, and an abundance of shopping, dining, and entertainment.The property features twelve spacious 1 bed 1 bath apartments, each offering approximately 645 square feet with large living areas, central air conditioning, durable tile flooring, and individually metered electric service, allowing tenants to pay their own electricity. Units have been updated as they become available, and the one current vacancy is freshly updated and move-in ready, providing immediate leasing upside for the next owner. BRAND NEW ROOFS ON ALL SIX BUILDINGS (2025)! Investors will appreciate the property's low operating expenses, including a private well and two septic systems, eliminating municipal water and sewer costs. Situated on approximately 0.85 acres with RMC-20 zoning, the property also offers future redevelopment potential, subject to buyer verification and county approval. With 11 of 12 units currently occupied, strong in-place income, recent capital improvements, and an exceptional location serving university students, healthcare professionals, and the local workforce, Campus Gardens is a turnkey investment opportunity in one of Tampa's strongest rental markets.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.85 Acres
Roof Type: Shingle
Taxes: $17,756
Year Built: 1973

General Information

Bedrooms: 12
Sqft: 1,287
County: Hillsborough
High School: King-HB
Subdivision: UNPLATTED
Listed By:
Matt Pereira BLUE PEAK REALTY LLC 727-777-7100

Amenities

Kitchen/Family Room Combo
Other
Thermostat
Courtyard
Lighting
Other

Property Features

Annual Net Income: 118187.00
Days on Site: 16
Directions: Campus Gardens is located on Gibson Ave off 56th Street between Fowler & Fletcher.
Exterior: Block, Brick
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot Dimensions: 0.85
Ownership: Fee Simple
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Septic Tank
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected, Private
Water: Well
Water Access Y/N: No
Zoning: RMC-20
$1,950,000
12beds
1,287sqft
Active
BEDS12 BATHS SQUARE FEET1,287 MLS#TB8528329
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONUNPLATTED

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5901 Gibson Avenue, Tampa, FL 33617.

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Estimated Payment

$ 8,625.44 per month $6,577.02 Principal & Interest $1,479.67 Property Tax $568.75 Homeowner's Insurance

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