Milan Villas

12216 N 59th StreetTampa FLMLS Number B26048029

  • Price: $1,325,000
  • 2 Days on Market
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Federal 30-year interest rate: 6.43% last updated on Jul 2, 2026
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12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL12216 N 59th Street Tampa FL
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  • 0.8Acreage
  • 1984Year Built
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! o 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. o 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. o 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! o 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. o Potential for additional units - Included in the sale is a 0.40 acre parcel behind the property, with the p
Listing by TGG Home Authority LLC

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Ocean Estate Properties
Ocean Estate Properties
Office: 561-504-9226
500 NE Spanish River Boulevard
Suite 104
Boca Raton, FL 33431

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More Info

Basic Information

  • Gross Income $147,840
  • Insurance Expense $8,750
  • Maintenance Expense $2,600
  • Tenant Pays Cable TV
  • Utilities Expense $10,870

Building

  • Building ConstructionBlock, Wood Frame
  • FoundationSlab
  • Stories2
  • Units7
  • Year Built1984

Exterior

  • Fencing Front Yard, Gate, Security, Partial
  • RoofShingle

Amenities

  • Community Features Pool
  • Cooling Attic Fan, Central Air, Ceiling Fan(s)
  • Cooling YN Yes
  • Other AmenitiesPool
  • Pool Features Community
  • Security Features Gated Community

Tax Information

  • Tax Year 2025
  • Taxes$11,331

Location

  • Address12216 N 59th Street
  • AreaOther Florida County
  • Building Number12216
  • CountyHillsborough
  • StateFL
  • StreetN 59th Street
  • TownTampa

Property

  • Number Of Buildings 2
  • Property NameMilan Villas

Property Information

  • Acreage0.8
  • Lot Features Landscaped, Oversized Lot, Residential Lot, Many Trees
  • Occupant Type Tenant
  • Property Condition Resale
  • Property Sub Type Additional Multi Family

Other

  • Date Listed07/02/2026
  • Documents Available Contract(s), Lease
  • Green Indoor Air Quality Ventilation
  • Possession Close Of Escrow
  • Special Listing Conditions Standard

Parking

  • Parking Features Assigned, Accessible Parking, Guest
  • Parking Total 10

Basic Information

  • List Price$1,325,000
  • MLS NumberB26048029
  • Modification Date07/02/2026
  • Property SubTypeMulti Family
  • Property TypeCommercial Sale
  • StatusACT
  • Virtual TourView Tour

Utilities

  • Electric Separate Meters
  • Heat SystemCentral
  • Heating YN Yes
  • Utilities Cable Available, Electricity Connected, Water Connected
  • Waste Water DisposalPublic Sewer

Water Body

  • Water AccessMultiple Meters, Public

Based on information submitted to BeachesMLS as of July 3, 2026 11:17 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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