2703 N 9TH STREET at

2703 N 9TH STREET

For sale Days on market 7

$691,000

$133/sq ft

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Overview

Year Built

1927

Sqft

5212

Property Type

Multi Family (5+)

Property Description

1927 Character 6-Unit Asset | Proven High Rents | Engineered Value-Add | Separate Meters This is not a “project.” This is a cash-flowing 1927 vintage asset with documented upside. Originally built in 1927, this six-unit apartment building blends historic charm with modern infrastructure upgrades and a clear, engineered path to increased value. In 2024, the property was struck by lightning — creating the opportunity to professionally upgrade and improve significant portions of the building. Income Profile (Pre-Strike Performance) • (4) Fully renovated 1BR units upstairs rented at $2,500/month each (fully furnished) • (2) Downstairs 1BR units rented at $1,400/month each • All units separately metered for electric AND water This asset has already demonstrated strong rental demand at premium rates. Improvements & Infrastructure All plumbing and electrical updated upstairs 75 percent of plumbing and electrical upgraded downstairs New rear staircase New side porch Separate electric meters Separate water meters The heavy lifting has been done. Engineered Upside Seller is providing: • Full engineering plans for remodel • Plans to convert lower units into (2) 2BR/2BA units • Contractor bid for completion This isn’t guesswork — it’s a mapped-out value-add strategy. Why This Is Compelling • Proven rental history • Premium furnished rents upstairs • Clear pathway to increased NOI • Metered utilities reduce landlord expense exposure • Historic character with modern systems For the right investor, this is a repositioning play with documentation, not speculation. The Big Picture Assets from the 1920s with separate meters, updated systems, and engineering in hand are rare. This property was well maintained prior to the 2024 event and presents a unique opportunity to complete an upgrade plan already in motion. If you understand forced appreciation, this one will make sense.

Property Details

MLS#

TB8482060

Total Floor in Bldg

Address

2703 9TH N

City

Tampa

State/county

Zip/Postal Code

33605

Area

Bonniehaven

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$10,417

Maint Fee

$--

Tax Year

2024

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