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702 E 113th Avenue
Tampa, FL 33612

25,220 SqFt
102,801.60 SqFt Lot
2.3600 Acres

Hard to find medium size multifamily income property with 8. 0% cap rate on cash sale basic 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 a pvt owned complex! Each unit with 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 this investment 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 and must qualify. Has an affordable leased storage shed & office trailer on site. Self managed! Ez to keep rented! No comparison in tampa! Decided giving up opportunity & retire to travel as last child is in college. All information deemed reliable but subject to verification of buyer & buyer agent.
Property Type:   Land
Living Space:   25,220 SqFt
Lot Size:   102,801.60 SqFt Lot
Lot Acres:   2.3600 Acres
Year Built:   1983
Subdivision:   UNPLATTED
MLS#:   T3191611
Home Features
Central Air
Ceramic Tile Floor
Wall To Wall Carpet
Sr. Wharton-HB


Listing Agent: Ernest Harpster Iii    Listing Broker: La Rosa Realty, Llc    Agent Phone: 3219393748    Broker Phone: 3219393748   

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