Curley Street

Curley Street is a 1970’s vintage, garden apartment community. Situated in the heart of San Antonio, a town in rapidly growing Pasco County minutes from major demand drivers, points of interest and transportation corridors. This 8-unit community is well-positioned for future growth thanks to its quiet, neighborhood feel, but central location in the region providing residents easy access to all that Pasco County and greater Tampa Bay has to offer. The asset presents investors the opportunity to invest into a stabilized asset with upward growth achievable by strategically improving the interiors to increase rents $131/month+ and implementing a utility reimbursement program. Recent capital improvements include new roofs, electrical remediation and new water heaters and AC units for select units. Assuming the purchase is financed with local bank debt at current rates, an investor can expect to realize a 8%+ cash-on-cash return within 12-months of ownership.

Curley Street consists of 8-units situated on 1.02 acres. Built in 1970 of concrete block construction, the community consists of two, single-story buildings with pitched, shingle roofs. 4 of the units are 693 square foot one-bedroom/one-bathroom and the other 4 units are all 851 square foot two-bedroom/one-bathroom floorplans. Conveniently located in the Tampa Bay MSA, tenants are afforded the luxury of peaceful living with direct access throughout the region. Curley Street sits less than 3-miles from I-75 and 5.25-miles from US-301, two major north south thoroughfares connecting all of Florida.