Description
Location, location, location! This fully leased multifamily Hyde Park income-producing property is waiting for new owners! This property is steps away from all that Howard avenue and Hyde Park Village has to offer. The main house is a 3 bedroom / 1 bathroom 1,451 sq ft classic bungalow that has been fully restored over the years to keep to its historic charm and adding modern finishes. The prior updates and improvements include a large remodel in 2020 with new luxury vinyl flooring, full bathroom remodel, interior paint, hot water heater, HVAC (2019), and 30 year shingle roof (2011). The family room, dining room, and kitchen provide a large open floorplan. Current lease is MTM and rent is $2,750. Attainable rent is $4,500 / month. Built in 2017, behind the main house is a 2 story rental with two 1 bedroom / 1 bathroom apartments that are separately metered for electric and have independent laundry. These apartments are beautiful and have separate entrance from main house. These units currently rent for $1,400 and $1,500 per month. Attainable rents in the area are $1,650 / month. Total current rent roll offers gross income of $67,800 with attainable rents of $98,400. Ideal value-add opportunity for new owner by increasing rental rate with not much upfront money. Top-rated schools.
Property Highlights
- Property Type: Multi Family, Duplex
- MLS #: T3326367
Area |
33606 - Tampa / Davis Island/University of Tampa |
Carport |
Yes |
Carport Spaces |
1 |
Elementary School |
Mitchell-HB |
High School |
Plant-HB |
Middle School |
Wilson-HB |
Number of Units Total |
3 |
Property Subtype |
Residential Income |
Property Type |
Duplex |
Subdivision |
Tibbetts |
Taxes |
$8,794 |
Tenant Pays |
Electricity, Sewer, Trash Collection, Water |
Utilities |
Cable Available, Cable Connected |
Fireplace Features |
Wood Burning |
Flooring |
Hardwood |
Laundry |
Laundry Room |
Appliances |
Dishwasher, Range, Range Hood, Refrigerator |
Basement |
Crawl Space |
Cooling |
Central Air |
Exterior Features |
Balcony |
Heating |
Central |
Interior Square Footage |
2,891 |
Lot Size Acres |
0.15 |
Lot Size Dimension |
51x126 |
Lot Size Square Feet |
6,426 |
Patio Features |
Covered |
Roof |
Shingle |
Sewer |
Public Sewer |
Stories |
Multi/Split |
Water Source |
Public |