$650,000
$650,000
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3,440 SqFt
SOLD DATE : 09/20/2019
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,440 sqft
Price per Sqft $188
Subdivision Terrace Park Sub
MLS Listing ID T3177845
Sold Date 09/20/19
Construction Status Inspections
HOA Y/N No
Year Built 1978
Annual Tax Amount $2,671
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 66x110 + 55/132
Property Description
Incredibly rare opportunity to own an amazingly well maintained, fully occupied, 8 unit apartment property in the sought after North Tampa
Opportunity Zone! Property consists of even mix of 2/2's and 1/1's. All units have screened in patios, some also have private off-patio storage, two come with private covered carports, all 2br units have very large walk-in closets. Located very close to the fast growing USF main campus, but still only minutes to Downtown Tampa. HUGE OPPORTUNITY FOR RENTAL INCREASES!! RENTS WAY BELOW MARKET!! Current proforma shows rents exceeding 9% return with new ownership. Property is turnkey ready for any absentee investors, or able to generate huge rental increases for any investor looking to renovate and re-tenant. Unit information, taxes and income, and lot information a combination of two quadplex properties being sold together.
Location
State FL
County Hillsborough
Community Terrace Park Sub
Zoning RM-24
Interior
Heating Electric
Cooling Central Air
Exterior
Utilities Available Public
Building
Lot Size Range 1/4 Acre to 21779 Sq. Ft.
Sewer Public Sewer
Structure Type Block,Concrete
New Construction false
Construction Status Inspections
Others
Ownership Fee Simple
Special Listing Condition None
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