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Gelfand Realty Miami Properties - Multi Family

702 E 113TH #28, TAMPA, FL 33612

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Multi Family - UNPLATTED

702 E 113TH #28, TAMPA, FL 33612

Date Sold 06-25-2020

Sold Price$2,900,000 Asking Price$3,200,000

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  • Days on market:

    169 day(s)

  • Original Price:

    $3,200,000

  • Price per sqft:

    $126.88

  • Tax Legal Description:

    S 165 FT OF NE 1/4 OF NE 1/4 LESS E 410 FT AND LESS SR 93

  • Tax Year:

    2019

  • Property Type:

    Multi Family

  • Parking:

    Common OpenOff Street Oversized

  • Senior High School:

    Wharton-HB

  • Lease Term Remaining:

    12 Months

  • Construction Type:

    Wood Siding StuccoBlockWood Frame

  • Roof:

    Shingle

  • Cooling Description:

    Central Air

  • Heating Description:

    ElectricCentral

  • Floor Description:

    LaminateCarpetVinylCeramic Tile

  • Interior Features:

    Living Room/Dining Room Combo Window Treatments Solid Surface Counters

  • Exterior Features:

    Lighting

  • Equipment/Appliances:

    RefrigeratorElectric Water Heater Range Range Hood

  • Special Listing Conditions:

    None

  • Lot Features:

    Oversized LotCity Lot Near Public Transit

Description

$3,200,000 • living size area 25220 sqft

Back on mkt! hard to find medium size multifamily income property with 8.0% cap rate on cash sale base numbers! great location surrounded by quiet single family homes. 28 -2 bed rm 1.5 bath 2 story town homes ! not 4 plexes! no hoa pvt owned complex! each unit has individual laundry closets & central air! 20 units remodeled now with new kitchen & bath cabinets with granite counters! each re-painted & re-carpeted before rental. now at current max rate for new sec 8 lease in this zip code of $1045/mo which owner includes water sew & garbage. get half the monthly income directly from sec 8!..renewals of sec 8 can be raised with mkt rents. owner also gets security deposit equal to rent at move in. could add private water metering & 3rd party billing to gain extra income. great location only 1.5 miles to the soon redeveloped university mall, 2.0 miles to usf and 2.5 miles to new va addition, & new hospital addition. only 3 blocks to i275! great upside to investment in this location! short walk to bus stop on nebraska or to fowler but plenty of parking lot for all the tenants. currently doing rr on exterior and re painting (2 buildings done) & couple roofs redone. can consider assuming 4.03% loan of 1.2mil with 8 yrs left must qualify. has an affordable leased storage shed & office trailer on site. self managed! ez to keep rented! no comparison in tampa! decided give up opportunity & retire to travel as last child is in college. all information deemed reliable but subject to verification of buyer & buyer agent.

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