Palms Reserve

ONE Sotheby's is pleased to present a 72-unit multifamily housing complex located in the Uptown Tampa Innovation District, offering a mix of one, two, and three-bedroom units. The property is a stabilized institutional-quality asset with strong occupancy offering steady in-place cash flow. The property underwent$10,000 of renovation on each unit, including upgrading the classic units, repainting the exterior of the building, and more. Further upside can be achieved through upgrading the existing classical units.

Located adjacent to multiple large and notable employers such as the Advent Health Tampa, Florida State University, and the James A. Haley VA Hospital, Uptown Palms is strategically positioned to attract students and medical professionals in the area. This, coupled with an above-average positive absorption and almost no new deliveries in the past several quarters in the North Tampa market, makes Uptown Palms an ideal asse.