BEDS0
BATHS
SQUARE FEET18,277
MLS#TB8550910
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONUNPLATTED
Property Description
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 Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 1.78 Acres
Roof Type: Shingle
Taxes: $41,575
Year Built: 1983
Amenities
High Ceilings
Open Floorplan
Primary Bedroom Main Floor
Thermostat
Window Treatments
Garden
Lighting
Sidewalk
Feature Descriptions
Annual Net Income: 263384.00
Days on Site: 7
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 â??
Exterior: Metal Siding, Frame
Flood Zone Code: AE
Foundation: Crawlspace
Home Warranty Y/N: No
Lot Dimensions: 1.78
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent 2,Call Listing Agent
Special Sale Provisions: None
Units: 34
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RMC-16
Listed By / Shown By
Listed By
Agency Name: REALTY ONE GROUP ADVANTAGE
Agency Contact: 813-909-0909
Shown By
Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500
Estimate Your Payment
Estimated Payment
$ 13,664.41 per month $9,018.00 Principal & Interest $3,464.58 Property Tax $1,181.83 Homeowner's Insurance
5901 Bryce Lane | MLS# TB8550910
This multi-family property located at 5901 Bryce Lane , Tampa, FL 33615 is currently listed for sale with an asking price of $4,052,000. Search Tampa real estate on www.floridaexecutiverealty.com today.