About 4615 N Hesperides Street
A rare opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Tampa's highly sought-after Drew Park district, offered at a competitive 7.52 cap rate with immediate cash flow from day one. At just $121,429 per door, this seven-unit property presents an attractive entry point into one of Tampa's strongest rental markets, where continued population growth, expanding employment opportunities, and limited housing inventory continue to fuel long-term demand. Ideally positioned on North Hesperides Street, tenants enjoy exceptional convenience in one of Tampa's most centrally located neighborhoods. The property is just minutes from Raymond James Stadium, George M. Steinbrenner Field (spring training home of the New York Yankees), Tampa International Airport, International Plaza, downtown Tampa, and major employment corridors. With immediate access to Interstate 275, the Veterans Expressway, and nearby business centers, the location consistently attracts a strong tenant base and supports low vacancy rates. For investors seeking a high-performing multifamily asset in the Tampa MSA, this offering delivers the ideal combination of strong in-place income, an attractive going-in yield, outstanding central location, and significant upside potential. Opportunities to acquire stabilized assets in the heart of Drew Park at this price point are increasingly rare, making this an exceptional investment for both cash flow and long-term appreciation.
Features of 4615 N Hesperides Street
| MLS® # | O6429183 |
|---|---|
| Price | $799,000 |
| Square Footage | 2,000 |
| Acres | 0.26 |
| Year Built | 1944 |
| Type | Commercial Sale |
| Sub-Type | Multi Family (5+) |
| Status | Active |
Listing Details
| Office | BLUE PEAK REALTY LLC |
|---|
Listing Map
Neighborhood Information for 4615 N Hesperides Street
Stable Population, High Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Les Peters Academy Public - to |
1 Miles | |
|
Pierce Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
Alexander Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
|
Jesuit High School Catholic - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Saint Lawrence Catholic School Catholic - Preschool to 8Th Grade |
1 Miles | |
|
|
Tampa Bay Boulevard Elementary School Public - Preschool to 5Th Grade |
2 Miles | |
|
|
Kids Corner Academy Private - Preschool to Preschool |
2 Miles |
School data provided by GreatSchools