5901 Bryce Lane, Tampa, FL 33615
Local realty services provided by:ERA American Suncoast
Listed by: alex khoyi
Office: realty one group advantage
MLS#:TB8550910
Source:MFRMLS
Price summary
- Price:$4,052,000
- Price per sq. ft.:$221.7
About this home
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.
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Home facts
- Year built:1983
- Subdivision & Development:UNPLATTED
- Listing ID #:TB8550910
- Added:37 day(s) ago
- Updated:October 29, 2026 at 03:57 AM
Rooms and interior
- Bedroom Description:High Ceilings, Primary Bedroom Main Floor
- Basement Description:Crawlspace
- Living area:18,277 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Shingle
- Year built:1983
- Building area:18,277 sq. ft.
- Lot area:1.78 Acres
- Construction Materials:Frame, Metal Siding
- Exterior Features:Garden, Lighting, Sidewalk
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$4,052,000
- Price per sq. ft.:$221.7
- Tax amount:$41,575 (2025)
Features and amenities
- Laundry features:Inside
- Amenities:Cable Connected, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Window Treatments
- Pool features:Public Pool
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