12216 N 59th Street Tampa, FL $ 1,325,000
12216 N 59th Street
$ 1,325,000
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12216 N 59th Street

Tampa, FL
$ 1,325,000
Bedrooms-- Baths-- Sq 7,072

Monthly Estimate*

$ 8,366

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Commercial Property for sale in Tampa, FL

for $1,325,000. This 7,072 square foot building was built in 1984 on a lot size of 0.8.

As one of the most populous cities in Florida, Tampa is an ideal market in which to own quality rental units. This 7 unit, fully occupied community enjoys high demand due to attractive floorplans and privacy normally associated with single family home living, while also offering affordability and proximity to everything the area has to offer. By being in the heart of one of the most popular places to live in Florida, Milan Villas offers excellent, stable cash flow. Fully occupied with long term tenants and a desirable location! • Strong appeal to residents - featuring gated access, spacious, updated units, a community pool (unusual for 7 units), and reserved parking, these units enjoy high demand as annual or vacation rentals year round. • Stability - Townhomes are a high demand rental type in all markets, but particularly in the Tampa Bay area. Investors enjoy a solid and consistent tenant base, and residents the luxuries of a single family home with the conveniences/amenities that come with apartment living. • Location - Less than 2 miles from University of South Florida, Adventhealth Hospital Tampa, VA Medical Center and Moffitt Cancer Center - all major local employment and education centers, creating a broad local tenant base. Also, close to all local retail, dining, hospitality, office and world-famous Busch Gardens of Tampa Bay! • Flexibility - units are individually deeded, and four are currently fully furnished and operated as vacation rentals/Airbnb units. Can be sold off individually to owner/occupants or smaller investors if so desired. • Potential for additional units - Included in the sale is a 0.40 acre parcel behind the property, with the p

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Commercial Active

Price

$ 1,325,000

Property Type

Commercial

Taxes

$ 11,331

Style

Lot Size

0.8

Year Built

1984

Town/City

Tampa

County/Region

Hillsborough

MLS | Web ID

B26048029

Features
General
Sewer Public Sewer
Heating Central
Cooling Attic Fan Central Air Ceiling Fan(s)
Utilities Cable Available Electricity Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Pool Features Community
Security Features Gated Community
Construction Materials Block Wood Frame
Year Built 1984
Electric Separate Meters
Tenant Pays Cable TV
Stories Count 2
Levels Two
Property Subtype Multi Family
Tax Year 2025
Gross Income 147840
Community Features Pool
Building Name Milan Villas
Accessibility None
County Hillsborough
Net Operating Income 106896.96
Insurance Expense 8750
New Construction false
Property Type Commercial Sale
Status Active
City Tampa
Number Of Units Total 7
MLS Area 5940 - Other Florida County
Property Attached Y/N false
Tax Annual Amount 11331.04
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/12216-N-59th-Street-Tampa-FL/unbranded
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Multi Family
Legal Description 1HP | THE UPPER PLACE A CONDOMINIUM
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Interior
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Fencing Front Yard Gate Security Partial
Parking Features Assigned Accessible Parking Guest
Lot Features Landscaped Oversized Lot Residential Lot Many Trees
Water Source Multiple Meters Public
Total Parking 10
Lot Size Area 34858
Foundation Details Slab
Number of Buildings 2
Building Area Total 7072
Lot Size Acres 0.8
Road Surface Type Asphalt
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Russell Lenard Goldstein

Listing Agent

Affordability Calculator

$9,310
Per Month
90%
10%
0%
Monthly Principal & Interest
$8,366
Monthly Property Taxes
$944
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/2/2026$1,325,000 Listed Price

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12216 N 59th Street, Tampa, FL, is a Commercial Property for sale at $1,325,000 with 7,072 sqft and a lot size of 0.8. 12216 N 59th Street was built in 1984. The property's zip code is which is in Tampa, FL