8413 N Hamner Ave

Investment Overview

KW Commercial Tampa Properties is pleased to present 8413 N. Hamner Ave, Tampa, FL 33604, a 10-unit multifamily investment generating immediate cash flow at an 8.35% cap rate on a current in-place NOI of $83,099.

The property is fully occupied with consistent collections and a diverse tenant base. All 10 units are fully self-contained with private kitchens and bathrooms. A new owner steps into stabilized income on day one with clear upside through rent alignment, management efficiencies, and ancillary income opportunities such as on-site laundry.

Located in Flood Zone X — no flood insurance required.

Unit Mix

• (1) Two-bedroom / one-bath main home with whole-house water filtration system
• (1) One-bedroom / one-bath attached unit
• (8) Self-contained studio apartments — each with private kitchen and full bathroom

Investment Highlights

• 8.35% cap rate on in-place NOI — day one cash flow with no stabilization required
• Flood Zone X — no flood insurance requirement, a meaningful cost advantage in today's Tampa market
• Fully occupied with proven workforce housing demand in central Tampa
• Majority of units updated, limiting near-term capital expenditure risk
• Legally non-conforming multifamily use — grandfathered and protected, allowing a new owner to continue operating as-is without interruption
• Diverse building systems including metal and shingle roofs with a combination of central air, mini-splits, and wall units
• Leak detection systems installed throughout for proactive operational risk management
• Income growth potential through rent alignment, management efficiencies, and ancillary income

This property serves Tampa's persistent workforce housing demand and has maintained strong occupancy through market cycles. For investors seeking stabilized cash flow and a clear path to incremental NOI growth without a heavy value-add lift, 8413 N. Hamner Ave offers a compelling entry into the central Tampa multifamily market.