12216 N 59th Street, Tampa, FL

New Listing

$1,325,000

Virtual Tour

https://www.propertypanorama.com/12216-N-59th-Street-Tampa-FL/unbranded

Property Type: Commercial Sale Square Footage: 7,072 Status: Active

Current Price: $1,325,000 List Date: 7/02/2026 Last Modified: 7/02/2026

Overview

Description

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!

Supplements: • 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 soli ... (Read more)

Listing Details MLS# B26048029

General Property Information

Number Of Buildings: 2
Property Sub Type: Multi Family
Number Of Units Total: 7
Price Per Unit: 189285
Occupant Type: Tenant
Building Area Main: 7072
Building Area Source: Assessor
Adjusted Area Main: 7072
Year Built: 1984
Year Built Details: 1984
Parking Total: 10
Lot Size Area: 34858
Lot Size Acres: 0.8
Accessibility Features YN: No
Stories Total: 2
Stories: 2
Leasable Area: 7072

Property Features

Building Features: Fenced Area; Free Standing; Pool Documents Available: Contracts; Copy Of Lease(s) Electric: Separate Meters Fencing: Front Yard; Gate; Security Foundation Details: Slab Heating: Central Location of Property: In Residential Area Parking Features: Accessible Parking; Assigned; Guest Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Fixtures; Land; Leases Special Listing Conditions: Standard Zoning Information: Use Conforms To Zoning Source Of Expenses: Owner Provided Tenant Pays: Cable TV Construction Materials: CBS; Wood Frame Cooling: Attic Fan; Ceiling Fan(s); Central Air; Central Individual Green Indoor Air Quality: Ventilation Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Landscaped; Many Trees; Oversized Lot Road Frontage Type: City Street Traffic Type: Auto; Pedestrian Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Shingle Security Features: Gated - No Guard Sewer: Public Sewer Utilities: Cable Available; Electricity Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1325000
Negotiable Seller Concessions YN: No
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Hillsborough
Street Number: 12216
Street Direction Prefix: N
Street Name: 59th
Street Suffix: Street
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33617
Area: 5940 - Other Florida County
Geographic Area: Other
Parcel Number: 0369710502
Subdivision Number: 217002
Multiple Offers Accepted: No
Zoning: RMC-20
Flood Zone: No
Building Name: Milan Villas
Property Description: Beautiful 7 Unit Multifamily!

Financial Information

Tax Annual Amount: 11331.04
Tax Year: 2025
Tax Legal Description: 1HP | THE UPPER PLACE A CONDOMINIUM

Status Change Information

Major Change Timestamp: 2026-07-02T17:57:19Z
Major Change Type: New Listing
Status Change Date: 2026-07-02

More Information

Distance To Information

Miles to Beach: 15

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 7
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 7
Number Of Meters Total: 14

Income and Expenses

Annual Total Expense: 40943.04
Gross Income: 147840
Insurance Expense: 8750
Maintenance Expense: 2600
Manager Expense: 7390
Net Operating Income: 106896.96
Real Estate Taxes: 11331.04
Utilities Expense: 10870

Unit Details

Number Of Units Leased: 7

Description of Unit Type 1

Unit Type: 2 Bedroom
Units Total: 5
Full Baths: Yes
Half Baths: Yes
Furnished: No
Annual Rent: 1750

Description of Unit Type 2

Unit Type: 3 Bedroom
Units Total: Yes
Full Baths: 2
Furnished: No
Annual Rent: 2245

Description of Unit Type 3

Unit Type: Efficiency
Units Total: Yes
Full Baths: Yes
Furnished: No
Annual Rent: 1475

Originating Details

Originating System Key: 20260702173556009861000000
Originating System ID: M00000170

Currently Not Used

Ownership Type: Assets Only

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Foundation Details

Slab: Yes

Parking Features

Accessible Parking: Yes
Assigned: Yes
Guest: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Contracts: Yes
Copy Of Lease(s): Yes

Fencing

Front Yard: Yes
Gate: Yes
Security: Yes

Tenant Pays

Cable TV: Yes

Location of Property

In Residential Area: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Water Connected: Yes

Zoning Information

Use Conforms To Zoning: Yes

Building Features

Fenced Area: Yes
Free Standing: Yes
Pool: Yes

Heating

Central: Yes

Sale Includes

Building: Yes
Fixtures: Yes
Land: Yes
Leases: Yes

Construction Materials

CBS: Yes
Wood Frame: Yes

Green Indoor Air Quality

Ventilation: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Lot Features

Landscaped: Yes
Many Trees: Yes
Oversized Lot: Yes

Road Frontage Type

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Asphalt: Yes

Roof

Shingle: Yes

Security Features

Gated - No Guard: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Attic Fan: Yes
Ceiling Fan(s): Yes
Central Air: Yes
Central Individual: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Traffic Type

Auto: Yes
Pedestrian: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Documents

Offering Memorandum ›

Listing Office: TGG Home Authority LLC

Last Updated: July - 02 - 2026

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12216 N 59th Street, Tampa, FL (MLS# B26048029)