$700,000
$749,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
3,456 SqFt
SOLD DATE : 06/28/2021
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $202
Subdivision West Port
MLS Listing ID T3304083
Sold Date 06/28/21
HOA Y/N No
Year Built 1983
Annual Tax Amount $6,929
Lot Size 10,454 Sqft
Acres 0.24
Property Description
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.
Location
State FL
County Hillsborough
Community West Port
Zoning RM-16
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Vinyl
Fireplace false
Appliance Range
Laundry Laundry Closet
Exterior
Exterior Feature Awning(s), Balcony
Garage Parking Pad
Garage Spaces 4.0
Utilities Available Cable Connected, Public
Waterfront false
Roof Type Shingle
Parking Type Parking Pad
Attached Garage true
Garage true
Private Pool No
Building
Lot Description Cul-De-Sac, Street Dead-End
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools West Shore-Hb
Middle Schools Monroe-Hb
High Schools Robinson-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with REAL BROKER LLC
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”