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Key Details
Sold Price $2,240,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,710 sqft
Price per Sqft $1,309
Subdivision Castle Heights Map
MLS Listing ID T3506281
Sold Date 05/10/24
Bedrooms 30
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1988
Annual Tax Amount $4,550
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60x100
Property Description
*UNDER CONTRACT - ACCEPTING BACK-UP OFFERS** INVESTOR ALERT - Exceptional Opportunity in Tampa!
Purchase SEVEN BLOCK CONSTRUCTION DUPLEXES comprising 14 units across 7 parcels. This unique property package features individual duplexes, each with its own parcel ID, offering the potential for separate sales in the near future, maximizing your investment potential.
With an annual actual gross income of $187,675 and an annual net income of $141,946 this portfolio ensures a compelling return on investment. All units are currently leased, providing a stable income stream. Please refrain from visiting the property or disturbing tenants.
The majority of the units (12 out of 14) consist of 2 bedrooms and 1 bathroom, while one unit boasts 3 bedrooms and 1 bath. Tenants are responsible for utilities. The properties are well-maintained, achieving full occupancy with a low vacancy rate, making it an ideal choice for workforce housing in Tampa's expanding suburbs.
There is ample room for improvement and updates, offering significant upside potential for rent increases. Don't miss this opportunity to capitalize on a strategically located and well-performing investment. Contact us today to schedule a showing or obtain additional operational documentation.
**SERIOUS INQUIRIES ONLY - Proof of Funds Required for Showings. The seller prefers selling the entire portfolio as a package but would sell 4 of the 7 together -10002 N 11th St 33612 (T3503491)2911 E 19th Ave 33605 (T3503484) 9406 N 13th St 33612 (T3503486) 9809 N Jasmine Ave 33612(T3503490)
Location
State FL
County Hillsborough
Community Castle Heights Map
Zoning RS-50
Interior
Interior Features Open Floorplan
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Appliance Range, Refrigerator
Laundry Inside, Outside
Exterior
Exterior Feature Other
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco
New Construction false
Construction Status Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with THOMPSON AND THOMPSON REALTY