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Grand Reserve Condos
For Sale
Grand Reserve Condos
48 out of 384 Units | Tampa, FL
Description
Grand Reserve Condos
48 out of 384 Units | Tampa, FL
8601 Mallard Reserve Drive
Tampa, FL 33614
SALE PRICE
$8,160,000
PRICE PER UNIT
$170,000
PRICE PER SF
$173.88
INVESTMENT HIGHLIGHTS
48-Unit Condo Portfolio out of 384-Unit Condo Community in Tampa, FL
Significant Upside with $41,000+ in Proven Loss-to-Lease, and $205+ Per Month in Average Rental Upside through Pro Forma Mark-to-Market Opportunity
Located in the Highly Desirable Carrollwood Suburb, Just 10-20 Minutes North of the Westshore Business District and Downtown Tampa
1988-Vintage Garden Style Gated Community with Modern Amenities
87.5% Two-Bedroom Two-Bathroom Floor Plans with In-Unit Washer/Dryer Connections
Excellent Opportunity to Implement Programmatic Light Value-Add as Majority of Interiors Feature a Mix of Upgrades to Cabinets, Flooring, Countertops, and Appliances
Amenities Include Clubhouse, Swimming Pool, Fitness Center, Tennis Courts, Laundry Facilities (W/D Connections in 2BR Units), Walking Trails, Gated Access & Assigned Parking
SOLD
For Sale
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