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Gelfand Realty Miami Properties - Multi Family

1635 AND 1637 E MULBERRY, TAMPA, FL 33604

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Multi Family - FERN CLIFF

1635 AND 1637 E MULBERRY, TAMPA, FL 33604

Sold Price$405,000 Asking Price$435,000

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  • Days on market:

    164 day(s)
  • Original Price:

    $435,000
  • Price per sqft:

    $144.61
  • Tax Legal Description:

    FERN CLIFF SLY 10 FT OF LOT 455 AND NLY 40 FT OF LOT 456
  • Tax Year:

    2017
  • Property Type:

    Multi Family
  • Parking:

    NoneAssignedBoat
  • Waterfront:

    Yes
  • Waterfront Description:

    River Front
  • View:

    Water Park/Greenbelt
  • Construction Type:

    Block
  • Roof:

    Metal
  • Cooling Description:

    Central Air
  • Heating Description:

    ElectricCentral
  • Floor Description:

    Ceramic Tile
  • Interior Features:

    Eating Space In Kitchen
  • Exterior Features:

    Sliding Doors Rain Gutters Fenced
  • Equipment/Appliances:

    Freezer
  • Special Listing Conditions:

    None

Description

$435,000 • living size area 3008 sqft • waterfront access

By appointment only. please do not disturb tenants, park or walk on property!!! excellent income opportunity two adjacent duplexes (includes adjacent property - 1637 e mulberry folio #150079-0100) located on a beautiful hillsborough riverside lots, with excellent river frontage and uninterrupted boating to tampa bay and gulf of mexico. recently updated consisting of total of 4 units - 2 bedrooms, 1 bathroom each. private paved parking for 4 cars each unit. attainable gross income in excess of $4050 per month $45,600 per annum affording a cap rate return of 8.5%. expected rent $1,000-$1,050. pro-forma statement available upon request. units were previously purchased individually and are now being sold as a complete package. with the growth of demand in the neighborhood these lots are in high demand long successful rental records three units currently occupied one being refurbished for rental. units have grandfathered multi-family status one unit carries additional rental certification and rental compliance with section 8 housing making excellent investment potential for owner to live on site or manage remotely.

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