Tampa Multifamily Market?
How is the general market for both 10-60 units and 100-200 units in Tampa?
What tend to be going in cap rates for C/B class properties?
Hi Travis
Tough market here in Central Florida, as it seems everybody wants to be here! I will say that it seems everyone that has purchased their multi family in the last couple of years has doubled their money.
Per door prices can run $75-$200 a door, and cap rates are 4-7% for B & C
Hi Kim,
Thanks for the thoughtful reply!
I'm sitting next to my business partner @Dave Morgia and he informed me that you two had previously spoken. We are trying to get more acquainted with deals in the size range of 10-60 units. Would love to get in touch to gain some insight on opportunities in the market.
@Travis Egenberg
Caps suck here people are fight 5 and 6%
Lots of over pricing here. The best deals would obviously come if you get to the owners before the deal gets muddied by brokers. Once the brokers is involved forget it. Me personally, I think this MSA is saturated with to many people over paying for property.
If you find a good deal here, then you capitalize on the hot rental market.
Bottom line, it’s all subjective and depends on your target and idea of a good investment