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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
Roof Type Shingle
Porch Covered
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
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Bought with REAL BROKER LLC
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