Pinecrest Villas

2008 Holly Ct, Tampa, FL 33613

  • For Sale $4,100,000
  • Property Type Other
  • Lot Size 1.54 Acre
  • Year Built 1971
  • Year Renovated 2021
  • Date Updated Mar 27, 2025

Pinecrest Villas is a single-story, thirty-three-unit multifamily property located in the University submarket of Tampa, FL. Located just minutes away from major demand drivers, points of interest and major transportation corridors. Residents are less than one mile away from the University of South Florida, AdventHealth Tampa Hospital, RITHM at Uptown, Publix, Walmart, Chick-Fil-A and much more. Pinecrest Villas is unparalleled in its proximity to the area’s most popular economic and entertainment drivers. Consisting of nineteen 721sf one-bedroom/one-bathroom and fourteen 824sf two-bedroom/one-bathroom units, an investor can capitalize on the tremendous amount of upside left in the deal by implementing a strategic value-add program to increase rents an additional $250/unit/month on average to capture an 8%+ cash-on-cash return within 12-months of ownership.

Pinecrest Villas is located in a high rental demand submarket with ample comparable rentals for a future owner to follow. An incoming owner has numerous opportunities to improve the property including, but not limited to, renovating the remaining interiors, reintroduce the on-site laundry room, convert the laundry room into an additional one-bedroom unit and/or install washer/dryer hookups in the two-bedroom units. The asset has received major capital improvements over the last several years and is being delivered fully-stabilized. Each building is concrete block, slab on grade with a pitched shingle roof, and the property is on city water and sewer. These vital characteristics well position an incoming owner for long-term success by allowing them to obtain favorable debt and insurance on the property.

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Contacts

broker
Miles Tombrink
broker
Sebastian Harris
broker
Luis Baez

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable

  • Transit Score ®

    53/100 Good Transit

  • Bike Score ®

    87/100 Very Bikeable
Powered by Walk Score ®
  • City Tampa, FL
  • Neighborhood University
  • Zip Code 33613
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Congo Station (WestBound Only)

    2.35 miles

  • Nairobi

    2.64 miles

  • Amber Limousine

    6.65 miles

  • Centennial Park

    7.63 miles

  • Centro Ybor

    7.63 miles

  • Streetcar Society

    7.64 miles

  • Cadrecha Plaza

    7.68 miles

  • Tampa

    8.22 miles

  • Publix

    8.29 miles

  • Airside C

    8.50 miles

  • BP

    0.15 miles

  • Mobil

    0.17 miles

  • Hess

    0.45 miles

  • Citgo

    0.59 miles

  • Marathon

    0.61 miles

  • Shell

    0.62 miles

  • RaceTrac

    0.66 miles

  • Tampa - East Bearss Ave Supercharger

    1.52 miles

  • Electrify America

    5.92 miles

  • ChargePoint

    7.58 miles

  • Emerald

    0.66 miles

  • Lot 38C

    0.70 miles

  • Lots 38B/38F

    0.78 miles

  • Lot 38H

    0.79 miles

  • Lot 38R

    0.80 miles

  • Lot 34

    0.83 miles

  • Lot 38E

    0.86 miles

  • Lot 33T

    0.88 miles

  • Lot 30

    0.89 miles

  • Lot 38D

    0.89 miles

  • Days Inn Tampa/North of Busch Gardens

    1.09 miles

  • Benjamin Mendick Hope Lodge

    1.14 miles

  • Super 8 Tampa

    1.21 miles

  • West Wing Hotel

    1.26 miles

  • Clarion Hotel & Conference Center

    1.28 miles

  • A-1 Motel

    1.30 miles

  • Hyatt Place Tampa/Busch Gardens

    1.41 miles

  • Red Roof PLUS+ & Suites Tampa

    1.46 miles

  • Howard Johnson Express Inn - Tampa North/Busch Gardens

    1.50 miles

  • Embassy Suites by Hilton Tampa USF Near Busch Gardens

    1.56 miles

  • El Rey de Oros

    0.12 miles

  • Krystal

    0.13 miles

  • Seafood Select Market & Restaurant

    0.14 miles

  • El Pueblo Chico

    0.17 miles

  • Dragon Express

    0.18 miles

  • Super Saver

    0.18 miles

  • Popeyes

    0.19 miles

  • Jerk Pit

    0.19 miles

  • Loving Hut

    0.20 miles

  • DQ Grill & Chill

    0.21 miles

  • Bowers-Whitley Career Center

    0.27 miles

  • Muller Elementary Magnet School

    0.31 miles

  • Florida Mental Health Institute

    0.65 miles

  • Mort Elementary School

    0.74 miles

  • Harris Preschool Nursery

    1.13 miles

  • Brooks-Debartolo Collegiate High Shcool (charter)

    1.33 miles

  • Shaw Elementary School

    1.36 miles

  • University of South Florida

    1.43 miles

  • Miles Elementary School

    1.48 miles

  • Calvary Christian Center

    1.67 miles

  • Moffitt Child Care Center

    1.12 miles

  • Education Research Child Care Development Center

    2.14 miles

  • A First Step

    3.39 miles

  • Creative Dwelling Academy

    3.40 miles

  • Saint Francis Childrens Day Care Center

    4.27 miles

  • La Petite Academy

    4.64 miles

  • Goddard School

    4.69 miles

  • Creative Times Academy

    7.71 miles

  • All Kids Academy

    7.84 miles

  • Kidz Gallery

    7.87 miles

Frequently Asked Questions

How much does Pinecrest Villas cost?

The space currently listed for sale at Pinecrest Villas asks for $4,100,000.

When was this property built?

Pinecrest Villas was built in 1971.

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