Tampa SFR Dynamic Portfolio

Commercial Real estate listings near tampa fl | Quantumlisting
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Listing was updated on: 08/14/2022
Price: 14600928.00
location icon Marion St @ Zack St, Tampa, FL 33602, USA
Multifamily for Sale
107100.00 sqft
from February 04, 2020
Description

LocationFlorida is widely known as the Sunshine State, but it also well-known for its business-friendly environment offering low corporate income tax rates and no personal income tax. These tax situations continue to rank Florida as one of the top states to do business. As Florida is in proximity to the ocean, this largely influences multiple aspects of Florida culture and daily life.

The Tampa Bay area is located on the west coast of Florida, approximately 200 miles northwest of Miami. A major city within the state of Florida, known as "The Big Guava", is the city of Tampa with an estimated population of 385,430 as of 2017, according to the U.S. Census Bureau. The four-county area (Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area) is composed of roughly 3.1 million residents, making it the second largest MSA in the state, and the fourth largest in the Southeastern U.S.

Living in the Tampa Bay area can be described as living like you’re on vacation all year. Residents have access to an array of entertainment and enjoy a laid-back beach lifestyle. St. Petersburg offers an array of water sports including parasailing and dolphin-watching cruises and Clearwater is a popular spring break destination.

Several Fortune 1000 companies are headquartered in Tampa, including OSI Restaurant Partners, WellCare, TECO Energy, and Raymond James Financial. Also, MacDill Air Force Base is an active United States Air Force installation located 4 miles south-southwest of downtown Tampa, Florida. Tourism, manufacturing, construction, international banking, biomedical and life sciences, healthcare research, simulation training, aerospace and defense, and commercial space travel have contributed to the state's economic development.
SaleGo to www.SFRhub.com to custom search and view additional information!

A dynamic portfolio is an SFR or BFR portfolio where the number of homes available for purchase changes on a regular or fluid basis. The portfolio may consist of existing assets (SFR) or new construction (BFR) standing inventory builder homes. Properties may be added or removed by the seller at any time. Once the buyer is prepared to enter into a binding offer, the number of homes is finalized and locked down for closing. These dynamic portfolios are cherry-pickable with a minimum required purchase of five homes. This allows an investor to select only those homes that meet their specific investment criteria, whether by cash flow, location, return projections, valuation, or many other key components to a buyer’s ‘Buy Box’.

This Tampa area dynamic SFR portfolio offers a number of investment homes available for purchase and provides acquisition flexibility for the buyer. This dynamic portfolio consists of existing SFR properties in which the seller may add or remove as availability changes weekly. The number of properties is locked down for the transaction once the purchase contract is accepted by all parties. This SFR dynamic portfolio is cherry-pickable with a minimum purchase of five homes, allowing an investor to select only those homes that meet their specific investment criteria. With the ability to customize the portfolio, investors can purchase in bulk directly from the seller on SFRhub.com while creating the highest yields and returns.

The homes in this portfolio have completed recent renovations and are in like-new market condition. Less repair expenses and capital expenditures that may decrease operating expenses, increasing the bottom-line net operating income (N.O.I.). The SFR portfolio is comprised of rental homes located throughout the Tampa metropolitan area including, but not limited to, Tampa, St. Petersburg, Clearwater, Palm Harbor, Spring Hill, Lutz, Ocala, Winter Haven, Riverview, Bradenton, and Sarasota.

The Tampa market is currently growing in both employment rates (1.7%) and household size (2.1%), according to *John Burns Real Estate Consulting. Home occupancy rates are at an incredibly high rate of 91.7%. The median single-family rent is approximately $1,402 per month, with a year-over-year growth of 3.3% from 2017.

Additional parameters

The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.