, TAMPA, FL 33607
SOLD PRICE: (?)
$310,000
Multi-Family Home 1,659 Square Feet Taxes: $1,693.00 Built in 1978 Type: Quadruplex MLS # T2883134
Property Photo

Description of , TAMPA, FL 33607

Great Investment Property with the possibility 27% per year cash on cash return based on current income and up to 40% return based on projected rent increases. There are two adjoining duplexes that are being sold together. Both are side by side to each other. Combined there are 4 (ea) 2 bedroom one bath units. All have ceramic tile floors in the common areas and carpet in the bedrooms. The two duplexes are sold for $350,000. There is also the possibility to knockdown the units later and build 6 units (25' wide lots). The West River area is changing fast and so are the rents. Great rent and hold properties. Property being sold at a 27% levered cap rate (@30% down) with 4 (ea) section 8 renters in place.

Features of , TAMPA, FL 33607

Appliances

  • Microwave oven
  • Range

Heating/Cooling

  • Central air
  • Central heat
  • Electric heat

Exterior

  • Block exterior

Lot

  • Fenced lot
  • Improvement: sidewalks
  • Lot acreage is: 0.16
  • Lot dimension is: 150 x 94
  • Lot zoned: RM-16

Interior

  • Cable television available
  • Carpet
  • Ceramic tile flooring
  • Tile flooring

Roofing

  • Shingle roof

Utilities

  • Sewer

Construction

  • Total square feet: 1659.00
  • Units in building(s): 2

Other

  • Tax year: 2016