5901 BRYCE LANE, Tampa, Florida, United States, 33615
4,052,000
for Sale
77,536
About the property:
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 Type:
- Multi-Family 5+
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 1.78
- Square Feet:
- 18277
- Area:
- 33615 - Tampa / Town and Country
- Heating Type:
- 0
- Directions:
- Take Exit 39 (SR 60 W / Memorial Hwy, toward Tampa International Airport), pick up Veterans Expressway (SR 589) North, exit onto Hillsborough Ave (SR 580) heading west to Sheldon Road, continue north on Memorial Hwy/Sheldon Rd, then left on Mohr Road —
- Is Bed:
- Yes
- Is Building:
- Yes
- Is Garden:
- Yes
- Is Multiple:
- Yes
- Is Multi Family:
- Yes
- Is Market:
- Yes
- Is Other:
- Yes
- Is Unit:
- Yes
- Annual Property Taxes:
- 41,575.20
- Listing ID:
- TB8550680
Rooms
Dimensions
Brokered by:
Realty One Group Advantage
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