UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,028 sqft
Price per Sqft $271
Subdivision John H Drews First Ext
MLS Listing ID TB8418630
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 2002
Annual Tax Amount $2,234
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 54x103
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Discover this versatile income-producing property in Tampa, just minutes from Raymond James Stadium and Steinbrenner Field. Originally a 3-bedroom, 2-bath home, this property has been thoughtfully converted into two studio apartments, one 1-bedroom apartment, and a main living space with 2 Bedrooms and 1 bath.
Current NOI is $36k with a 6.5% Cap Rate, and units are on month-to-month leases at below-market rates. With a Potential Gross Income (PGI) of $64K annually based on current rental market valuation, the property offers a potential of 11.5% Cap Rate.
Updated roof (2021) + solar panels for energy efficiency.
Prime location – close to highways, shopping, dining, and major attractions.
Spacious parking for tenants and guests.
Endless potential for short-term or long-term rentals.
With a motivated seller and multiple income streams, this property is a true investor's gem in one of Tampa's hottest rental markets.
Location
State FL
County Hillsborough
Community John H Drews First Ext
Area 33607 - Tampa
Zoning RS-50
Interior
Interior Features Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Thermostat
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplace false
Appliance Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Awning(s), Private Mailbox, Sidewalk
Utilities Available Cable Available, Electricity Available
Roof Type Shingle
Porch Covered, Front Porch, Patio
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Block
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Architectural Style Contemporary, Traditional
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8418630
