Back on Mkt! Hard to find medium size multifamily income property with 8.0% Cap rate on cash sale base numbers! Great location surrounded by quiet single family homes. 28 -2 bed rm 1.5 bath 2 story town homes ! Not 4 plexes! No HOA pvt owned complex! Each unit has individual laundry closets & Central Air! 20 units remodeled now with new kitchen & bath cabinets with granite counters! Each re-painted & re-carpeted before rental. Now at current max rate for new Sec 8 lease in this zip code of $1045/mo which owner includes water sew & garbage. Get half the monthly income directly from sec 8!..renewals of sec 8 can be raised with mkt rents. Owner also gets security deposit equal to rent at move in. Could add private water metering & 3rd party billing to gain extra income. Great location only 1.5 miles to the soon redeveloped University mall, 2.0 miles to USF and 2.5 miles to new VA addition, & new Hospital addition. Only 3 blocks to I275! Great upside to investment in this location! Short walk to bus stop on Nebraska or to Fowler but plenty of parking lot for all the tenants. Currently doing RR on exterior and re painting (2 Buildings done) & couple roofs redone. Can consider assuming 4.03% loan of 1.2mil with 8 yrs left must qualify. Has an affordable leased storage shed & office trailer on site. Self managed! EZ to keep rented! No comparison in Tampa! Decided give up opportunity & retire to travel as last child is in college. All information deemed reliable but subject to verification of buyer & buyer agent.

  • MLS# T3191611
  • Sub-Type Resale
  • Status Active
  • Year 1983
  • Days On Site 46
SQ Feet 25,220
Units 28
Building(s) 8
Listing Provided By:
Ernest Harpster III  of  LA ROSA REALTY LLC
 
 
 
 
 
 
 
 
 
this listing $3,200,000
1,892.59%
$160,595 in 33612
this listing 25,220 SqFt
2,123.99%
1,134 SqFt in 33612
this listing $127 $/SqFt
10.73%
$142 $/SqFt in 33612
this listing 46 on site
73.58%
26.500000 on site in 33612

Location

State FL
County Hillsborough
City TAMPA
Zip Code 33612
Area 33612 - Tampa / Forest Hills

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