$205,100
$275,000
25.4%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,077 SqFt
SOLD DATE : 12/14/2023
Key Details
Sold Price $205,100
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,077 sqft
Price per Sqft $98
Subdivision Gateway Sub
MLS Listing ID T3448611
Sold Date 12/14/23
Bedrooms 5
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1928
Annual Tax Amount $3,299
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 68x140
Property Description
Back on the market due to no fault of the seller! Their loss is your opportunity! HIGHEST AND BEST DUE BY SUNDAY 11/19 AT 12 NOON. Incredible Investment Opportunity in Tampa, FL. Dual Income Streams with Future Upside Potential! This exceptional property presents a unique and lucrative opportunity tailored for astute investors. The property showcases an ideal setup for maximizing returns through an in-law suite or a strategic house hack. The front house, a 3-bedroom, 2-bathroom bungalow spanning approximately 1,377 square feet, is just the beginning. Complementing it is a separate back house with 2 bedrooms and 1 bathroom, spanning around 750 square feet. This back house is perfectly positioned for an in-law suite or generating supplementary rental income. With some renovation, this property is the perfect rental or flip! Market rents for these units are estimated at $1,550 per month for the front house and $1,150 per month for the back house. Potential to yield a combined monthly income of $2,700! Projected on proforma rents, this property boasts an impressive 7.5% Capitalization Rate (CAP rate), highlighting the strong return on investment. Beyond the existing income, there's the advantage of future equity growth, courtesy of the generous corner lot on which the property sits. Each unit offers its residents private backyard spaces, allowing for outdoor relaxation and enjoyment. An added bonus is the separate garage, providing invaluable storage space. Notable updates include a recently replaced roof for the main home, ensuring long-term durability. The roof of the mother-in-law suite is approximately 4 years old, and both units benefit from HVAC systems of similar vintage. Strategically situated, this property offers easy access to the vibrant array of amenities and attractions that Tampa Bay is renowned for. Its proximity to I-275 ensures seamless commuting and convenient exploration of the surrounding area. Seize this outstanding investment prospect before it's too late. Schedule a viewing now to secure your position in the dynamic and thriving Tampa, FL real estate market! Your financial success starts here.
Location
State FL
County Hillsborough
Community Gateway Sub
Zoning RS-50
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile, Vinyl
Fireplaces Type Family Room, Wood Burning
Fireplace true
Appliance Range, Refrigerator
Exterior
Exterior Feature Fence
Parking Features Open
Garage Spaces 3.0
Community Features None
Utilities Available Public
Roof Type Metal,Shingle
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Corner Lot, Near Public Transit
Entry Level One
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Inspections
Schools
Elementary Schools Forest Hills-Hb
Middle Schools Adams-Hb
High Schools Chamberlain-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Membership Fee Required None
Listing Terms Cash
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with EXP REALTY LLC
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "