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New Listing - 5 Unit Investment property with $6100/month income - Completely Occupied with long leases. Property Zoning allows for multi-family up to 10 units on this location with .84 acre lot in a prime location. Concrete block construction and slab foundation on the 4 units + single wide renovated mobile home in the back of the property. There is also a maintenance man that lives at the property in Unit D - he pays rent and paid for any services separately. The entire property is on Well & septic systems therefore the owner supplies Water, sewer, trash, electric, lawn & cable. Newer metal roof installed in 2016 and completely painted on the exterior in 2023. The 5th unit, the single wide mobile home that was completely renovated with new showers, tub, kitchen, appliances, flooring and paint this October and rents for $2000/m. Many of the other units have also been renovated. This is a turn key operation, in good condition with good long term tenants in a good location near major highways and lots of job opportunities including 5 minutes to the Hard Rock Casino. Rent analysis provided by the seller has the cap rate currently at 8.5%
| DAYS ON MARKET | 375 | LAST UPDATED | 7/15/2024 |
|---|---|---|---|
| TRACT | EASY WAY SUB | YEAR BUILT | 1940 |
| COMMUNITY | 33619 - Tampa / Palm River / Progress Village | COUNTY | Hillsborough |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to May 28, '24 | $650,000 |
|---|---|
| May 28, '24 - Today | $595,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33619 - Tampa / Palm River / Progress Village |
| CONSTRUCTION | Stucco, Vinyl Siding |
| HEAT | Central, Electric |
| LOT | 0.84 acre(s) |
| SEWER | Septic Tank |
| SUBDIVISION | EASY WAY SUB |
| TAXES | 7071 |
| UTILITIES | Cable Available, Cable Connected |
| WATER | Private, Well |
| ZONING | RDC-12 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Angela Inzerillo, BLUE SUN REALTY LLC
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/23/24 9:56 AM PST.
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