Keystone Villa

Keystone Villa is a single-story, fourteen-unit multifamily property located in the Drew Park submarket of Tampa, FL. Located just minutes away from major demand drivers, points of interest and major transportation corridors. Residents are less than two miles away from Tampa International Airport, St. Joseph’s Hospital, Westshore Business District, Raymond James Stadium, Publix, Walmart and much more. Keystone Villa is unparalleled in its proximity to the area’s most popular economic and entertainment drivers. Consisting of one 500sf one-bedroom/one-bathroom, eleven 625sf two-bedroom/one-bathroom and two 730sf three-bedroom/one-bathroom units, an investor can capitalize on the tremendous amount of upside left in the deal by implementing a strategic value-add program to increase rents an additional $457/unit/month on average to capture a double digit cash-on-cash return within 24-months of ownership.

Keystone Villa is in a high rental demand submarket with ample comparable rentals for a future owner to follow. An incoming owner has numerous opportunities to improve the property by renovating the remaining interiors and improving the curb-appeal. Each building is concrete block, slab on grade with a pitched shingle roof, and the property is on city water and sewer. These vital characteristics well position an incoming owner for long-term success by allowing them to obtain favorable debt and insurance on the property once the business plan is fully executed.