5901 GIBSON AVE, TAMPA, FL, 33617
$1,950,000
Residential Income
|
Bedrooms
12
|
Bathrooms
12
|
Living Area
7,722 Sqft
|
Lot Size
37,180 Sqft
|
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 Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8534281 | Year Built: | 1973 | |
| Appliances: | Range, Refrigerator | Construction Materials: | Block, Brick | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Hillsborough | Exterior Features: | Lighting, Sidewalk | |
| Financial Data Source: | Owner | Flooring: | Tile | |
| Foundation Details: | Slab | Heating: | Central | |
| Laundry Features: | None | Lease Term: | Twelve Months | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Lot Features: | Landscaped, Level, Near Public Transit, Sidewalk, Paved | |
| Occupant Type: | Tenant | Property Sub Type: | Duplex | |
| Property Type: | Residential Income | Road Surface Type: | Paved | |
| Roof: | Shingle | Sewer: | Septic Tank | |
| Showing Requirements: | Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Tenant Pays: | Electricity | Utilities: | Cable Connected, Electricity Available | |
| Water Source: | Well | |||
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