5901 BRYCE LN, TAMPA, FL, 33615
$4,052,000
Commercial Sale
|
Living Area
18,277 Sqft
|
Lot Size
77,536 Sqft
|
A 34-unit, 5-building garden-style community on 1.78 acres in one of West Tampa's tightest-fundamental submarkets, minutes from Tampa International Airport and the Veterans Expressway. Built in 1983 and 94% occupied, this is a small-bay multifamily asset with real, in-place rent upside — not a pro forma story.
The math: in-place 1-bedroom rents run $925 to $1,250 against a $1,144 average, and every point of that spread closes with routine turnover and light unit-level work — flooring's already been swapped in multiple units (9/2025, 11/2025), and a water heater replaced as recently as 7/2025. Electric is individually metered per unit, keeping the expense line clean; water runs on a single master meter.
Offered at $4,052,000 — $119,176 per unit — against a 6.5% cap rate on 2026 annualized NOI of $263,384. Low density, low deferred maintenance, and a rent roll with room to run.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8550680 | Year Built: | 1983 | |
| Construction Materials: | Metal Siding, Frame | Cooling: | Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Hillsborough | |
| Foundation Details: | Crawlspace | Listing Agreement: | Exclusive Right To Sell | |
| Property Condition: | Completed | Property Sub Type: | Multi-Family 5+ | |
| Property Type: | Commercial Sale | Road Frontage Type: | City Street | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Showing Requirements: | Call Listing Agent 2, Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
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