5901 BRYCE LANE, Tampa, Florida, 33615
$4,052,000
18,277 Sqft
1.78 Acres
0 bd
0 ba
#TB8550910
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
- Utilities : Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Water Access : 0
- Sewer : Public Sewer
- Road Surface Type : Paved
- Zoning : RMC-16
PROPERTY DETAILS
ID: TB8550910
Status: Active
Price: $4,052,000
Acres: 1.78 Acres
Price Per Acre: $2,276,404
Type: Other
Address: 5901 BRYCE LANE
City, State: Tampa, Florida
County: Hillsborough
Zip Code: 33615
Lat/Long: 28.002701, -82.584725
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