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Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,129 sqft
Price per Sqft $239
Subdivision Orange Villa
MLS Listing ID U8220072
Sold Date 01/31/24
Bedrooms 11
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1910
Annual Tax Amount $4,622
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 050x210
Property Description
Recently renovated quad 1 mile from downtown Tampa in the highly coveted Tampa Heights. The property consists of 2 duplexes on the same parcel for a total of 4 units, (3) 1 bedroom/1 bath units & (1) 2 bedroom/1 bath unit. The 2-story duplex in the back is concrete block with a new roof in 2023, a 2-bedroom unit and a 459 SF storage room that could be converted to rentable space. The 2-bedroom unit is 918 SF and is currently rented for $1,800/mo. The 1-bedroom unit is currently rented for $1,400/mo. The bungalow duplex in the front houses 2 1-bedroom units with a large front porch and lots of curb appeal. One unit is rented for $1,500/mo and the other is recently vacant and will also rent for $1,500/mo. The total monthly rent is $6,200 and annual rent is $74,400 resulting in 7% cap rate with opportunity to add value with storage space conversion to rentable space. The units feature stainless steel appliances, in unit laundry, waterproof LVP flooring, a metal roof on the bungalow, new roof on the 2-story building, central air in 2 units, upgraded cabinets, & granite countertops. There is a large off-street parking area for 10 cars in between the 2 buildings and a private yard behind the back building. Also, the back building was fumigated in 2023 and all plumbing and electrical has been updated over the past several years.
Location
State FL
County Hillsborough
Community Orange Villa
Zoning RS-50
Interior
Interior Features Thermostat
Heating Central, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Flooring Vinyl
Fireplace false
Appliance Dishwasher, Electric Water Heater, Microwave, Refrigerator
Laundry Inside
Exterior
Exterior Feature Storage
Garage Open
Utilities Available Electricity Connected, Sewer Connected, Water - Multiple Meters
Roof Type Metal,Shingle
Porch Covered, Front Porch
Garage false
Private Pool No
Building
Entry Level Multi/Split
Foundation Crawlspace, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Construction Status Appraisal,Financing,Inspections
Others
Pets Allowed Yes
Senior Community No
Pet Size Very Small (Under 15 Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Num of Pet 1
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE