Distressed Multi-Family Property in Tampa Bay

 

DISTRESSED MULTI FAMILY PROPERTY IN TAMPA

Banks often refer to their foreclosed bank owned properties as REO (Real Estate Owned Properties)
This page is intended to give you an overview of:
(a) Bank Owned Multi Family Properties (REO Retail Properties) in the Tampa and Tampa Bay market and
(b) Short Sale Multi Family properties in the Tampa and Tampa Bay market

Typically Bank owned REO and Short Sale properties are offered at lower than market prices, but that does not mean that they are the only properties where you can find a good deal. Additionally there may be properties owned by individuals who are under pressure to sell their property and such properties may also offered at below market prices . These properties may be categorized as regular market properties and therefore do not appear on the Tampa Bank Owned Multi Family Property List, Tampa Multi Family REO List or Tampa Short Sale Multi Family Property List below.

If you are looking to purchase any Apartment property in the Tampa area, whether it be Bank Owned Apartments, Distressed Apartments or regular Apartments, please contact us. We will be glad to help.

July 2011 – List of Bank Owned and Short Sale Apartment Properties in Tampa area

Location Building Units Sq Ft Price Price/sf Price/Unit Notes
Clearwater Low Rise 4 4,350 $173,910 $40 $43,478
Indian Shores Fourplex 4 3,356 $1,150,000 $343 $287,500 Short Sale
St Petersburg Low Rise 39 36,884 $1,500,000 $41 $38,462 Foreclosed
Tampa Low Rise 12 9,072 $359,999 $40 $30,000 Foreclosed
Tampa Low Rise 24 20,112 $649,000 $32 $27,042
Tampa Low Rise 18 15,090 $477,000 $32 $26,500
Tampa Low Rise 68 44,232 $829,000 $19 $12,191 Foreclosed
St Petersburg Duplex 2 1,901 $115,000 $60 $57,500
St Petersburg Low Rise 12 8,000 $495,000 $62 $41,250
Ruskin Triplex 3 3,102 $249,000 $80 $83,000 Short Sale
Clearwater Triplex 3 1,934 $120,000 $62 $40,000 Short Sale
Palm Harbor Triplex 3 4,869 $345,000 $71 $115,000
St Petersburg Duplex 2 1,080 $72,500 $67 $36,250
St Petersburg Triplex 3 2,428 $90,000 $37 $30,000
Indian Rocks Beach Low Rise 6 10,000 $899,000 $90 $149,833
Clearwater Low Rise 104 110,000 $3,750,000 $34 $36,058 Foreclosed
Tampa Low Rise 8 3,576 $299,000 $84 $37,375
Tampa Low Rise 9 5,536 $239,000 $43 $26,556 Foreclosed
Tampa Low Rise 93 76,700 $4,000,000 $52 $43,011
Tampa Fourplex 4 3,008 $195,000 $65 $48,750 Short Sale
Brooksville Low Rise 19 11,600 Make Offer
Brooksville Low Rise 37 29,774 Make Offer
Tampa MH Park 80 $1,100,000 $13,750
Gibsonton MH Park 45 $850,000 $18,889 Foreclosed
Weighted Av. 421 365,230 $16,007,409 $44 $38,022

 

The above is an overview. Property availability changes on a daily basis

Return to: Tampa Commercial Real Estate
Information provided on this web site is from sources deemed reliable. Broker is not responsible for errors or inaccuracies

 

 


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