Drew Park Re Of Real Estate

Drew Park Re Of Real Estate

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Newest Listings in Drew Park Re Of

$799,000
O6429183 MLS
A rare opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Tampa's highly sought-after Drew Park district, offered at a competitive 7.52 cap rate with immediate cash flow from day one. At just $121,429 per door, this seven-unit property presents an attractive entry point into one of Tampa's strongest rental markets, where continued population growth, expanding employment opportunities, and limited housing inventory continue to fuel long-term demand. Ideally positioned on North Hesperides Street, tenants enjoy exceptional convenience in one of Tampa's most centrally located neighborhoods. The property is just minutes from Raymond James Stadium, George M. Steinbrenner Field (spring training home of the New York Yankees), Tampa International Airport, International Plaza, downtown Tampa, and major employment corridors. With immediate access to Interstate 275, the Veterans Expressway, and nearby business centers, the location consistently attracts a strong tenant base and supports low vacancy rates. For investors seeking a high-performing multifamily asset in the Tampa MSA, this offering delivers the ideal combination of strong in-place income, an attractive going-in yield, outstanding central location, and significant upside potential. Opportunities to acquire stabilized assets in the heart of Drew Park at this price point are increasingly rare, making this an exceptional investment for both cash flow and long-term appreciation.

4615 N Hesperides Street, Tampa

Listing courtesy of BLUE PEAK REALTY LLC. 727-777-7100

$899,000
TB8323396 MLS
Prime Development Opportunity – Double Lot in Tampa’s Drew Park! Builders and investors, take note—this expansive double lot presents a compelling opportunity for potential multi-family development. The property offers generous frontage, excellent accessibility, and convenient proximity to colleges, dining, shopping, and entertainment. With zoning in place and utility access nearby, this vacant land is positioned in an area experiencing ongoing development, including newly constructed townhomes directly across the street, making it a strong candidate for your next project. Key Features: Double lot with approximately 17,343 sq ft (.40 acres) Zoned for multi-family development (buyer to verify permitted uses and density) Located across from newly constructed townhomes (2025) Convenient access to major highways, Midtown, Downtown Tampa, and area amenities Utilities available (buyer to verify capacity and connections) Ideal for builders or investors seeking a value-add development opportunity in a growing Tampa location. See attachments for a conceptual rendering of a potential 6-unit building, provided for illustrative purposes only. The rendering is not included in the sale, and all development potential, including unit count, is subject to buyer verification with the appropriate authorities. Don’t miss this opportunity to bring your vision to life in one of Tampa’s evolving corridors.

4205 N Manhattan Avenue, Tampa

Listing courtesy of DALTON WADE INC. 888-668-8283

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