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
Presented By:

Sunny Sidhu

Broker Associate

RE/MAX Premier Group