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Gelfand Realty Miami Properties - Multi Family

1201 E 99TH, TAMPA, FL 33612

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Multi Family - TAMPA OVERLOOK

1201 E 99TH, TAMPA, FL 33612

Sold Price$142,000 Asking Price$159,500

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  • Days on market:

    44 day(s)
  • Original Price:

    $165,000
  • Price per sqft:

    $140.65
  • Tax Legal Description:

    TAMPA OVERLOOK LOT 1 BLOCK 32
  • Tax Year:

    2018
  • Property Type:

    Multi Family
  • Parking:

    Driveway
  • Construction Type:

    Block
  • Roof:

    Shingle
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Electric
  • Exterior Features:

    Other
  • Special Listing Conditions:

    None

Description

$159,500 • living size area 1134 sqft

Meticulously maintained 2br/1ba duplex that includes updated tile flooring, freshly painted interior and exterior new limestone driveways and more. tenants pay all utilities including water, sewer, trash, and electric (separately metered). the current monthly rents total $1,625 which affords a pro forma cap rate of 10% (see attached documents), with the opportunity to increase rents by more than $100 per month in one unit. this is a great investment opportunity for a property that has been well managed/maintained. please do not disturb tenants.

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