Multiunit property in Tampa

[Ardijan Has]

Since I dont live in Tampa (yet), and not sure as to which areas are good/bad I was hoping I could get some feedback on this properlty listed on loopnet, any advice would be appreciated. Thanks!

Tampa property

http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=18603832&SRID=4322496116&StepID=101&jli=y

[Daniel Miller]

Not a good area man. Not anything you would be proud of owning. I went to High School and college in the general vicinity and there is nothing productive going on. Yes, apartments were cleaned up BUT that is due to the high number of foreclosures against apartment owners in the specific area. They overpaid for apartment buildings that would not cash flow from Day 1. Then, the economy went south, tenants lost work, and the property goes into foreclosure...it was REALLY bad in 2010-2012. There was a 48 unit complex completely vacant back then.

I would stay away from it. The demographics are not indicative of a thriving community and even though it is close to USF (I went there remember) that fact is meaningless. USF is almost grown out. Many students do not live on campus and are Tampa natives. There was a ton of student housing built recently. Do not let the potential of being close to USF tempt you. The area is one of the worst in Tampa and I would not be driving around there after dark...

Dude it's 1 block off Nebraska Ave. If you want to pay for fun on a Saturday night that's where you go...