Westwood Crossing Apartment Homes

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Address: 1212 Askew Dr, Brandon, FL 33511, USA
Florida & Gulf Coast + Apartment Buildings
Created date: September 1, 2026
Date last updated: September 1, 2026
Price: $13,500,000Investment Analyzer NEW!

—Low-Cost Assumable Debt: 2.88% interest-only CMBS financing for approximately 20 months, subject to verification and approval.
—Recovered Occupancy: Reported vacancy declined from 21.6% one year ago to 4.6%, with 15 units absorbed over the trailing 12 months.
—Oversized Floorplans: Average unit size of 1,142 SF, including 80 twobedroom/ two-bath units averaging 1,119 SF.
—Per-Square-Foot Value: Current asking rent of $1.40 PSF is below the selected comp average of $1.62 PSF.
—Family-Sized Housing: 95% of units are two- or three-bedroom layouts, differentiating Westwood from smaller new-construction units.
—Demand Runway: The underwriting projects 7.0% population growth and 7.1% household growth within two miles from 2025 to 2030.

Property Description

Westwood Crossing is an 88-unit, two-story garden-style apartment community in Brandon, Florida. Built in 1985, the property is distinguished by an unusually large average unit size of 1,142 square feet and a highly concentrated two-bedroom/two-bath mix. The community offers an investor current cash flow, strong reported physical occupancy, and a selective value-add opportunity supported by assumable 2.88% interest-only CMBS financing with approximately 20 months remaining. Westwood is not materially below the selected comps on absolute monthly rent; its advantage is the amount of space delivered for each rental dollar. The property’s average asking rent of $1,597 equates to $1.40 per square foot versus $1.62 per square foot for the selected rent comps. This supports a renovation, resident-retention, and ancillary-income strategy rather than an aggressive blanket rent reset. Westwood’s $1,597 average asking rent is approximately 11% above the report’s $1,434 overall comp average, but its $1.40 per-square-foot rent is approximately 14% below the comp average of $1.62. The comparison reflects Westwood’s substantially larger units: the selected comps average 887 SF. Within the dominant two-bedroom category, Westwood averages $1,579 per month versus $1,542 for the comps, while remaining lower on a per-square-foot basis at $1.41 versus $1.52. A credible business plan is to renovate at natural turnover, demonstrate finish-specific premiums, protect occupancy, improve collections and other income, and market the relative value of large two-bedroom homes.
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Broker Details

Ken Wellar
Ken Wellar

GREA (215) 454-2879

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Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $13,500,000
No. of Units: 88
Year Built: 1985
No. of Stories: 2
Opportunity Zone: No
Price per unit: $153,409
Address: 1212 Askew Dr, Brandon, FL 33511, USA

Additional contacts

Full name Phone number Email address
Taylor Walsh 305-999-5155 [email protected]

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