Casey Babb, CCIM

First Vice President Investments

Email: Casey.Babb@MarcusMillichap.com
Phone:
(813) 387-4723 – Direct
(813) 368-0835 – Mobile

 

Joseph P. Thomas

Senior Vice President Investments

Email: Joseph.Thomas@MarcusMillichap.com
Phone:
(954) 245-3492 – Direct

The Courtyards of South Tampa is a two-story, garden-style apartment building totaling 71 units. The property was originally constructed in 1969 of concrete block, comprises 46,810 square feet and is situated on 1.81 acres.

The Courtyards contains (55) one-bedroom | one-bathroom apartments and (16) two bedroom | one-bathroom apartments with central air conditioning. Unit interiors consist primarily of granite countertops (although 10 units still have Formica); white, light tan or dark wood cabinetry; carpet, vinyl wood plank or ceramic tile flooring; white, black or stainless-steel electric appliances and central air conditioning. Residents are responsible for their own electricity, while water, sewer, and trash are currently included in the rent.

Common area amenities include a central courtyard with a large swimming pool and sundeck, a barbeque grilling and picnic area and a designated fenced area for pets. Courtyards also offers on-site laundry facilities and a property surveillance system.

In December 2018, the current ownership implemented a vacation rental program for three apartments (two 1|1s and one 2|1). The program has proven profitable, with one-bedroom units achieving and average daily rate of $85 and two-bedroom units achieving $110.

  • Close Proximity to Downtown Tampa & Hyde Park
  • Average Household Income of $120,000+
  • Complete Roof Replacement in 2018
  • Walking Distance to Britton Plaza, Publix Supermarket
  • Many Major Retailers & Restaurants Within a 1-Mile Radius

The Courtyards of South Tampa is situated along West Euclid Avenue, just west of South Dale Mabry Highway in Tampa, Florida. The surrounding area consists primarily of single-family residences, multifamily properties, as well as destination retail properties located along Dale Mabry Highway, such as SunTrust and Chase Banks, Crunch Fitness, Lowes, Walgreens, and Britton Plaza, which features Publix Supermarket, Michaels and Pet Supermarket all located in walking distance from the subject property.

The Courtyards is located 4.3 miles from Downtown Tampa, 4.5 miles from Tampa General Hospital, 4.6 miles from MacDill Air Force Base and 7.4 miles from Tampa International Airport. Additional nearby points of interest include Old Tampa Bay, Ballast Point Park, Picnic Island, Kindred Hospital, Raymond James Stadium, and Bayshore Boulevard.

Area schools and universities within close proximity include Anderson Elementary School (0.8 miles), Roosevelt Elementary School (1.3 miles), Bayshore Christian School (1.1 miles), Madison Middle School (1.0 miles), Monroe Middle School (3.2 miles), Robinson High School (3.2 miles) and the University of Tampa (3.9 miles).

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