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Gelfand Realty Miami Properties - Multi Family

14303 N 18TH, TAMPA, FL 33613

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Multi Family - HAMNERS W E PINE VISTA FIRST ADDITION

14303 N 18TH, TAMPA, FL 33613

Date Sold 07-02-2015

Sold Price$180,000 Asking Price$179,900

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  • Days on market:

    70 day(s)

  • Original Price:

    $179,900

  • Price per sqft:

    $52.3

  • Tax Legal Description:

    HAMNER'S W E PINE VISTA FIRST ADDITION W 110.10 FT OF LOT 13 LESS S 89.23 FT THEREOF AND W 110.10 FT OF LOT 14 LESS N 88 FT THEREOF

  • Tax Year:

    2014

  • Property Type:

    Multi Family

  • Parking:

    None

  • Lease Term Remaining:

    24 Months

  • Construction Type:

    StuccoBlock

  • Roof:

    Shingle

  • Cooling Description:

    Central Air

  • Heating Description:

    ElectricCentral

  • Floor Description:

    CarpetVinylCeramic Tile

  • Exterior Features:

    Balcony

  • Equipment/Appliances:

    RefrigeratorElectric Water Heater Range Range Hood

  • Special Listing Conditions:

    None

  • Lot Features:

    Sidewalk In County Near Public Transit Level

Description

$179,900 • living size area 3440 sqft

Current cap rate of 14.06%!! cash on cash return of $25,300 per year!! 100% occupied turn-key investment with ability to value add property by converting all of the units into 3 bedroom units by adding closet and door in front den of each unit. conversion would increase cash on cash return to $34,420 and would increase cap rate to 19.13%!! each unit is sizeable at 850sf with a back porch / balcony for residents. easy to rent units in strong usf area rental market. serious inquires only. do not disturb tenants. will only show interior units after contract has been executed as owner does not wish to disturb the tenants. buyer to verify all information.

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