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| 2608 West Swann Avenue, a 6-unit apartment property in Tampa, Fla. |
TAMPA, FL – Marcus & Millichap
(NYSE: MMI), a leading commercial real estate brokerage firm
specializing in investment sales, financing, research and advisory services,
announced today the sale of 2608 West Swann Avenue, a 6-unit apartment property
located in Tampa, Fla.,
according to Chris Travis, regional manager of the firm’s Tampa office.
The
asset sold for $630,000.
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| Casey Babb |
Miles Tombrink,
Casey Babb, CCIM, Luis Baez, CCIM and Shawn Rupp, investment specialists in
Marcus & Millichap’s Tampa office, had the exclusive listing to market the
property on behalf of the seller, a private investor.
“2608 West Swann provided
investors the opportunity to acquire a value-add deal in the class A submarket
of Hyde Park in Tampa, Fla.
"Despite the challenges brought on by COVID-19, we
were able to procure 9 written offers due to our top-notch marketing platform
before coming to terms with the buyer and closing at contract price,” said Tombrink.
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| Miles Tombrink |
Located minutes away from
major demand drivers and points of interest. 2608 West Swann Avenue consists of
one building, totaling six units.
The property is constructed of concrete block
with a pitched shingle roof. Units consist of one-bedroom/one-bathroom and
two-bedroom/one-bathroom units averaging 580 square feet.
Tenants are afforded
some of the best amenities for like-kind rentals as the property includes
covered parking and an on-site laundry facility. Recent capital improvements
include new windows and replacement of half of the central HVACs.
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| Luis Baez |
2608 West Swann
Avenue is conveniently located steps from South Howard Avenue, a bustling area
of South Tampa that provides access to hundreds of shops, bars, restaurants and
entertainment.
Situated in Hyde Park and just minutes from major attractions, the
property offers tenants a central location with convenient access to many
activities.
Major points of interest in close proximity to 2608 West Swann
Avenue include Memorial Hospital (0.09 Miles), Tampa’s SoHo District (0.26
Miles), Hyde Park Village (0.68 Miles), University of Tampa (1.43 Miles) and
Downtown Tampa (1.87 Miles).
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| Shawn Rupp |
Located 1.22 miles from 2608 West Swann Avenue, is
Interstate 275, giving access to Saint Petersburg to the West, as well as
Brandon, Plant City, Lakeland and Orlando to the East.
CONTACT:
Chris Travis
Regional
Manager
Tampa. FL
(813)
387-4700
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