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$1,250,000
$1,250,000
price
Real Estate Professional
C.

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

General Information

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

Room Information

Fireplace Features Wood Burning
Flooring Hardwood
Laundry Laundry Room

Property Features

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
$1,250,000
$1,250,000
price
Real Estate Professional
C.
Location
403 S Albany Avenue ##1-3, Tampa, FL 33606 Driving Directions
Similar Listings
Hyde Park Area
Nearby Schools
Listed by Rachel Phillips, Highmark Real Estate.

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