MID-RISE›EAST TAMPA

Harbor Point Apartments

FOR SALEListing ID: #B3BCVM44  ·  455 Channelside Dr, Tampa, FL 33619
Asking Price
$88,500,000
Total Area
265,000 SF
Cap Rate
4.7%
Year Built
2021
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SALES COMPARISON

Comparable Properties

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EXPLORE THE NUMBERS

Valuation Calculator

Adjust the purchase and financing assumptions to evaluate this property.

0% down100% · All cash
Loan amount
$61,950,000
Annual debt service
$4,789,737
$399,145 / month
Annual cash flow
-$630,237

Valuation Metrics

DSCR
0.87×
NOI ÷ debt service
Cap rate
4.70%
NOI ÷ purchase price
Cash-on-cash ROI
-2.37%
Annual cash flow ÷ down payment

Starting assumptions: 30% down, 6% interest, 25-year amortization. Estimates use monthly principal and interest payments; exclude closing costs, taxes on income, capital expenditures, and appreciation. ROI shown is annual cash-on-cash return.

Asset Summary

Harbor Point Apartments is a Mid-Rise asset located in the East Tampa submarket of Tampa, FL. Offering strong fundamentals and durable cash flow, this sale opportunity is positioned for investors seeking exposure to a growth market.

Property Details

Property typeMultifamily
SubtypeMid-Rise
Market statusOn market
SubmarketEast Tampa
Lot sizeNot provided
ZoningCD-2
Building area265,000 SF
Year built2021
Property classA
Units / keys312
Parking spaces663

Owner / user opportunity · Broker co-op offered

Tenancy & Lease

TenancyNot provided
Occupancy95%
Tenant / brandNot provided
Lease structureNot provided
Remaining lease termNot provided
Tenant creditNot provided

Property Record

Parcel, ownership and tax information supplied for this property.

Parcel / APNNot provided
County / jurisdictionNot provided
Recorded ownerNot provided
Legal descriptionNot provided
Assessed valueNot provided
Annual property taxesNot provided
Tax yearNot provided
Record as ofNot provided
Record sourceNot provided

Public records have not been supplied for this listing. Request the parcel record and current tax bill from the listing broker.

Property History

  1. Published on CREvista

    Listing publication date; not a sale or transfer.

    Source: CREvista listing record
  2. Year builtSource: Broker-supplied property details

Prior sales, transfers, price changes and renovation records have not been supplied. Contact the broker for the property's historical records.

Financial Performance

INCOME COMPONENTANNUAL AMOUNT
Estimated Gross Scheduled Income$6,208,209
Estimated Operating Expenses($2,048,709)
Net Operating Income (NOI)$4,159,500
Estimated Capital Reserves$124,785

Estimates use submitted NOI and a standardized expense assumption. Verify all figures against source documents.

Investment Resources

Contact the listing broker to request the available investment package.

Strategic Location

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EST. WALKABILITY
68
VERY WALKABLE
EST. AREA INCOME
$194k
STRONG DEMOGRAPHICS
EST. TRANSIT ACCESS
88
GOOD TRANSIT