, TAMPA, FL 33607
SOLD PRICE: (?)
$155,000
Single Family Home 4 Beds 2 Baths 1,659 Square Feet Taxes: $1,693.00 Built in 1978 Type: Single Family Residence MLS # T2884153
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 ($175,000 each) Can be sold separately. 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 (@30% down) cap rate with 4 (ea) section 8 renters in place.

Features of , TAMPA, FL 33607

Appliances

  • Range
  • Refrigerator

Heating/Cooling

  • Central air
  • Central heat
  • Electric heat

Garage

  • On street parking

Exterior

  • Block exterior
  • Deck
  • Patio
  • Porch

Lot

  • Fenced lot
  • Lot acreage is: 0.16
  • Lot zoned: RM-16

Interior

  • Carpet
  • Ceramic tile flooring
  • Tile flooring
  • Window coverings

Roofing

  • Shingle roof

Basement

  • Slab Foundation

Construction

  • Total square feet: 1659.00

Other

  • Tax year: 2016