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New roof and completely renovated unit leased at market rate! VALUE ADD PROPERTY. Excellent income opportunity 2 duplex buildings in the heart of South Tampa! All units are very easily rentable as in highly desirable area in growing Port Tampa; close to Westshore Yacht Club and Westshore Marina District. 3 of the tenants are long-standing tenants with more dated apartments, so room to maximize rents and create more value. Each unit has a large 1,700 sq ft garage. There may even be opportunity to convert these into more apartments. Tenants pay for water, sewer, electricity and garbage. Current contracted gross rental income is $54,000/year. Attainable gross rents of $67,200/year, based on increasing tenants to market rent of $1400/month. This affords a cap rate of 7% at a pro forma NOI of $52,008/year. See attached Pro Forma and Rent Roll. DO NOT DISTURB TENANTS.
DAYS ON MARKET | 56 | LAST UPDATED | 10/27/2021 |
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TRACT | WEST PORT | YEAR BUILT | 1983 |
COMMUNITY | 33616 - Tampa | GARAGE SPACES | 4.0 |
COUNTY | Hillsborough | STATUS | Sold |
PROPERTY TYPE(S) | Residential Income |
Elementary School | West Shore-HB |
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Jr. High School | Monroe-HB |
High School | Robinson-HB |
ADDITIONAL DETAILS | |
AIR | Central Air |
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AIR CONDITIONING | Yes |
APPLIANCES | Range |
AREA | 33616 - Tampa |
CONSTRUCTION | Block |
EXTERIOR | Awning(s), Balcony |
GARAGE | 4 Spaces, Attached, Garage, Parking Pad, Yes |
HEAT | Central |
LOT | 10500 sq ft |
LOT DESCRIPTION | Cul-de-sac, Lease Term - 12 Months, Street Dead-End |
STORIES | 2 |
STYLE | Duplex |
SUBDIVISION | WEST PORT |
TAXES | $6929.00 |
UTILITIES | Cable Connected,Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Rachel Phillips, HIGHMARK REAL ESTATE
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/1/24 3:02 PM PDT.
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