MLS® ID: T3191227
1635 and 1637 E MULBERRY DRIVE
TAMPA, Florida, 33604 $435,000
Excellent income opportunity two adjacent duplexes (includes adjacent property - 1637 E Mulberry Folio #150079-0100) Located on a beautiful Hillsborough Riverside Lots, with excellent river frontage and uninterrupted boating to Tampa Bay and Gulf of Mexico.
Recently updated consisting of total of 4 units - 2 Bedrooms, 1 Bathroom each. Private paved parking for 4 cars each unit. Attainable gross income in excess of $4050 per month $45,600 per annum Affording a cap rate return of 8.5%. Expected rent $1,000-$1,050. Pro-forma statement available upon request. Units were previously purchased individually and are now being sold as a complete package. With the growth of demand in the neighborhood these lots are in high demand
Long successful rental records three units currently occupied one being refurbished for rental. Units have grandfathered multi-family status one unit carries additional rental certification and rental compliance with section 8 housing making excellent investment potential for owner to live on site or manage remotely.