MLS® ID: T3191611

702 E 113TH AVENUE

TAMPA, Florida, 33612

$3,200,000 Active
  • 25220 SQFT
Back on Mkt! Hard to find medium size multifamily income property with 8.0% Cap rate on cash sale base numbers! Great location surrounded by quiet single family homes. 28 -2 bed rm 1.5 bath 2 story town homes ! Not 4 plexes! No HOA pvt owned complex! Each unit has individual laundry closets & Central Air! 20 units remodeled now with new kitchen & bath cabinets with granite counters! Each re-painted & re-carpeted before rental. Now at current max rate for new Sec 8 lease in this zip code of $1045/mo which owner includes water sew & garbage. Get half the monthly income directly from sec 8!..renewals of sec 8 can be raised with mkt rents. Owner also gets security deposit equal to rent at move in. Could add private water metering & 3rd party billing to gain extra income. Great location only 1.5 miles to the soon redeveloped University mall, 2.0 miles to USF and 2.5 miles to new VA addition, & new Hospital addition. Only 3 blocks to I275! Great upside to investment in this location! Short walk to bus stop on Nebraska or to Fowler but plenty of parking lot for all the tenants. Currently doing RR on exterior and re painting (2 Buildings done) & couple roofs redone. Can consider assuming 4.03% loan of 1.2mil with 8 yrs left must qualify. Has an affordable leased storage shed & office trailer on site. Self managed! EZ to keep rented! No comparison in Tampa! Decided give up opportunity & retire to travel as last child is in college. All information deemed reliable but subject to verification of buyer & buyer agent.
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Listing courtesy of LA ROSA REALTY, LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    33612
  • Office name
    LA ROSA REALTY, LLC
  • Subdivision
    UNPLATTED
  • SQFT
    25220
  • Bedrooms
    0
  • Property type
    Residential Income
  • Zoning type
    PD
  • High school
    Wharton-HB
  • Year built
    1983
  • Lot size
    2.36
  • Waterfront
    No
  • Heating
    Central,Electric
  • Tax year
    2018
  • Agent name
    Ernest Harpster III
  • Tax amount
    $ 28968.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    7000+ sq ft.
  • Area
    33612 - Tampa / Forest Hills
  • Year Built Range
    1989 (and earlier)
  • Office ID
    261011717
  • Agent ID
    502002848

Location

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