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$799,000 • living size area 3248 sqft
Excellent income opportunity at a quadplex building in the heart of south tampa! two of units have been fully renovated. all very easily rentable as in highly desirable area in central south tampa. next to cycle bar, ciccio cali, la fitness, and trader joes. private parking for 2 cars per unit. two tenants are newer with rents of $1400/month plus water/sewer/garbage bill back. two tenants are long-standing tenants with rents ranging from $1,150-$1,250. current contracted gross rental income of $62,700/year. attainable gross rents of $72,000/year, based on increasing tenants to market rent of $1500/month and collecting full water. this affords a cap rate of 6.65% at a pro forma noi of $53,250/year. see attached pro forma and rent roll. do not disturb tenants.Multi Family - ALLENS SUB
3810 W CLEVELAND, TAMPA, FL 33609
Date Sold 02-12-2021
Sold Price$775,000 Asking Price$799,000
Share by:
- Living 3248sqft
- Lot size 6650sqft
- Taxes: Register to see
- Year Built 1983
-
Days on market:
2 day(s) Original Price:
$799,000-
Price per sqft:
$246 Tax Legal Description:
ALLEN'S SUBDIVISION LOTS 3 AND 4 AND N 7.5 FT OF LOTS 23 AND 24Tax Year:
2020-
MLS:
T3280513 -
Property Type:
Multi Family -
Parking:
Assigned
Elementary School:
Grady-HBMiddle School:
Coleman-HBSenior High School:
Plant-HB
Lease Term Remaining:
12 MonthsConstruction Type:
StuccoBlockRoof:
ShingleCooling Description:
Central AirHeating Description:
CentralFloor Description:
TileInterior Features:
Ceiling Fan(s)Exterior Features:
SidewalkEquipment/Appliances:
DishwasherRefrigeratorElectric Water Heater Range Range HoodSpecial Listing Conditions:
None
Description
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