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Gelfand Realty Miami Properties - Multi Family

1202 AND 1204 E 99TH #AB, TAMPA, FL 33612

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Multi Family - TAMPA OVERLOOK

1202 AND 1204 E 99TH #AB, TAMPA, FL 33612

Sold Price$299,000 Asking Price$299,000

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  • Days on market:

    2 day(s)
  • Original Price:

    $299,000
  • Price per sqft:

    $106.48
  • Tax Legal Description:

    TAMPA OVERLOOK LOT 9 BLOCK 53
  • Tax Year:

    2020
  • Property Type:

    Multi Family
  • Lease Term Remaining:

    12 Months
  • Construction Type:

    Block
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Exterior Features:

    Other
  • Special Listing Conditions:

    None

Description

$299,000 • living size area 2808 sqft

House + duplex: this sale includes 1202 e. 99th ave and 1204 e. 99th ave. owner will not separate. 1202 is a 4-bedroom, 2-bathroom home that used to be a duplex. a section 8 tenant is about to start a new lease at $1,495/month. 1204 is a duplex with 2-bedroom, 1-bathroom units on either side. apt-a is about to have a new section 8 tenant at $895/month. apt-b has a great long-term tenant from the section 8 hud-vash program at $820/month. both buildings are concrete block with new exterior paint and roofs are approximately seven years old. the owner pays water/trash bill on the duplex. 10% cap rates are very hard to find so these deal will not last long! owner selling units "as-is". this is not a distress sale; no lowball offers will be considered.

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