Historic Ybor Bungalows

Tampa, FL

4

UNITS

1927

YEAR BUILT

0.19

ACRES

4,302

SQUARE FEET

PURCHASE PRICE

Investment Overview

The Colliers’ Florida Multifamily Team is proud to present Historic Ybor Bungalows; a .19 acre site containing four beautifully renovated single-family homes located in Ybor City, just north of I-4. Tenants of these homes enjoy walkability to all that Ybor City has to offer and to one of the oldest and most popular bakeries in Tampa, La Segunda. Just to the north you’ll find the eclectic and growing area of Seminole Heights, while downtown Tampa, Sparkman Wharf and Water Street sit approximately 2 miles to the south.

The site, bordered by a street on all four sides, contains two 3-bedroom homes and two 2-bedroom homes. Each home has all new flooring, new kitchens with stainless steel appliances, new bathrooms, and new fixtures throughout. This turnkey investment opportunity, with tenants paying all utilities, stands to be a great cash flow property for years to come with the Tampa area continuing to experience significant rent growth and rental unit demand.

Investment Highlights

  • Turnkey investment opportunity
  • 4 single family homes on one parcel
  • 100% renovated interiors and exteriors
  • Washer/dryer hookups in all homes
  • Tenants are responsible for ALL utilities

Location Highlights

  • One mile from Ybor City’s restaurants, shopping and entertainment
  • Walking distance to the famous La Segunda Bakery (0.5 miles)
  • Approximately two miles from Downtown Tampa, Water Street and Sparkman Wharf
  • Easy access to major thoroughfares such as I-4 and I-275

Contact

Jay Ayres
Senior Associate
+1 813 956 9700
jay.ayres@colliers.com

Luis Baez, CCIM
Managing Director
+1 813 767 6275
luis.baez@colliers.com

CONFIDENTIALITY AGREEMENT

THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by Colliers Florida Multifamily (“Broker”), exclusive listing broker for the Property, and the undersigned Purchaser (“Purchaser”) regarding the Property herein (“Property”). The obligation of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owner(s). PURCHASER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. The Owner of the Property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement. THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows: 1. Purchaser will not disclose, permit the disclosure of, release, disseminate or transfer; any information obtained hereunder (“Information”) to any other person or entity. 2. If Purchaser is a corporation, partnership, limited liability company or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who have need to know of the information, and who are specifically aware of the Agreement and agree to honor it. 3. This Agreement applies to all Information received from Broker, now or in the future, which is not readily available to the general public. Purchaser understands that all information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner and Broker. 4. All information shall be used for the sole purpose of evaluating the potential acquisition of the Property, and it shall not at any time, or in any manner, be used for any other purpose. 5. Purchaser shall not contact directly any persons concerning the Property, other than Broker, without Broker’s or Owner’s written permission. Such persons include, without limitation, Owner’s employees, suppliers and tenants. 6. Purchaser acknowledges that it is a principal and not an agent on behalf of any other party in conjunction with the purchase of the Property (except Advisors working on behalf of their pension fund clients). Purchaser acknowledges that it is not working with any other broker or agent other than The Babb Group in connection with this transaction. 7. Neither Broker nor Owner makes any representations or warranty, express or implied, as to the accuracy or completeness of any information provided by them. Purchaser assumes full and complete responsibility for reconfirmation and verification of all Information received and expressly waives all rights of recourse against Owner and Broker with respect to the same. 8. The Persons signing on behalf of Purchaser and Broker represent that they have the authority to bind the party for whom they sign. 9. This Agreement shall be governed and construed in accordance with the laws of the State of Florida. 10. No outside broker represents Purchaser. Purchaser is working with Colliers Florida Multifamily, specifically The Babb Group. Furthermore, Purchaser indemnifies Broker and owner against any commission claims by brokers on this listing or any listing by the Babb Group for the six months following the date of this agreement.