EIGHT-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY IN TAMPA'S UNIVERSITY AREA! Situated on approximately 0.52 acres, this property features eight 2-bedroom, 1-bathroom apartments across four separate, single-story concrete-block duplex buildings. Conveniently located near the University of South Florida, major employment centers, shopping, dining, and interstate access, this property offers an attractive opportunity for… Read More investors seeking a multifamily asset with significant rental income potential.
Current ownership has invested extensively in property improvements, with an emphasis on quality materials, durability, and long-term value. Renovated units feature upgrades such as granite and quartz countertops, tile flooring, beautifully tiled tub surrounds, updated kitchens and bathrooms, and other modern finishes. Additional property improvements include replacement windows in numerous units, attractive black aluminum perimeter fencing, landscaping, and palm trees. Renovation levels and finishes vary by unit.
FOUR UNITS CURRENTLY OCCUPIED AND FOUR VACANT, providing the next owner with the flexibility to establish new leases at market rates while benefiting from existing rental income. Current occupied rents total $5,875 per month, with estimated market rental potential of $12,125 per month ($145,500 annually) at full occupancy. Unit A also has a scheduled rent increase during the second year of its lease. Tenants are responsible for their individual electric utilities, while ownership provides water and sewer service.
With its solid concrete-block construction, desirable all-2-bedroom unit mix, substantial owner improvements, and opportunity to increase occupancy and rental income, this property presents a compelling investment opportunity in Tampa's University Area. Offering Memorandum, rent roll, and additional financial information available upon request. Read Less
Courtesy of LIPPLY REAL ESTATE 727-314-1000
Listing Snapshot
Days Online
3
Last Updated
Property Type
Quadruplex
Beds
16
Square Ft.
5,616
Lot Size
0.52 Acres
Year Built
1981
MLS Number
TB8565766
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Other equipment: Private Yard
Building
Built in 1981, Living area: 5616, Living area units: Square Feet, Levels: One, Construction Materials: Block
Additional parcels description:, Parcel Number: U-06-28-19-1GH-000006-00006.0, Public Survey Range: 19, Public Survey Section: 06, Annual Amount: $17,736.6, Tax Block: 6, Tax Book Number: 32-67, Legal Description: BYARS REVISION OF SUNNYLAND ACRES LOT 6 BLOCK 6, Lot: 6, Year: 2025, Zoning: RMC-20
Tenant Pays
Electricity
Utilities
BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
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