Tampa, FL 33619,3404 PHILLIPS ST #A-F
Tampa, FL 33619,3404 PHILLIPS ST #A-F
Tampa, FL 33619,3404 PHILLIPS ST #A-F
$1,350,000
Est. payment /mo
$1,400,000
3.6%
Est.Price: ?

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18 Beds
12 Baths
6,048 SqFt
SOLD DATE : 03/29/2024

Key Details

Sold Price $1,350,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,048 sqft

Price per Sqft $223

Subdivision Grant Park

MLS Listing ID T3503111

Sold Date 03/29/24

Bedrooms 18

Construction Status Appraisal

HOA Y/N No

Originating Board Stellar MLS

Year Built 1989

Annual Tax Amount $4,074

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 150x113

Property Description

Welcome to the Prime DUPLEXES at 3402, 3404, and 3406 N Phillips St, Tampa, FL 33619 - an Unbeatable Investment Package!

Key Features that Set this Investment Apart:
TRIPLE BLOCK DUPLEXES. Acquire not one, not two, but THREE contiguous block duplexes, forming a solid block of SIX income-producing units. HIGH OCCUPANCY: Currently, 5 out of 6 units are leased, ensuring a steady and reliable income stream from day one.
LUCRATIVE RENTAL INCOME: With an impressive average rental income of $1,695 per month per unit, this investment promises substantial and consistent cash flow.WELL DESIGNED LAYOUTS: Each apartment boasts a spacious 3-bedroom, 2-bathroom layout, catering to the modern tenant's needs.RECENT RENOVATIONS: Witness the value-added enhancements, including newer roofs, and fresh exterior paint. 4 of the 6 units have been upgraded with new flooring, kitchen, baths and more - totalling $100,000 in improvements. These renovations not only enhance the property's appeal but also contribute to long-term durability and value. RAPID APPRECIATION:Rents have already increased by a remarkable 24% in less than 2 years, showcasing the potential for significant appreciation.STABLE TENANT BASE: We've strategically cleared out non-paying tenants and secured new, long-term occupants for increased stability. FUTURE POTENTIAL: This property is ripe for the savvy investor willing to secure higher rents and guaranteed payments using Gov't programs. Seize the opportunity to tap into this additional income stream! TENANT-PAID UTILITIES: Tenants contribute $70-$75 each for water/trash in addition to rent, ensuring minimal overhead for the savvy investor.SOLID FINANCIALS: Enjoy an annual rent of $112,387, with an 8% vacancy discount, and separate electrical meters - tenants foot the bill!

This meticulously curated portfolio of income-producing properties can be yours as a package deal for $1.4M or individually. Don't miss out on the chance to secure a sound and lucrative investment in the dynamic real estate market. Your future prosperity awaits! Contact us now to seize this golden opportunity!

Location

State FL

County Hillsborough

Community Grant Park

Zoning RM-16

Interior

Interior Features Ceiling Fans(s)

Heating Central

Cooling Central Air

Fireplace false

Laundry Inside

Exterior

Exterior Feature Other

Utilities Available BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description Corner Lot

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Construction Status Appraisal

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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Stellar MLS
Listed by COMPASS FLORIDA, LLC
Bought with LPT REALTY

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Sheree Frazier PA

+1(386) 785-7937

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