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$650,000 • living size area 6496 sqft
Excellent income opportunity, two adjacent quadplex buildings (7309 & 7311 hutton place) for a total of 8 units (all 2 bed / 1 bath), being sold as package. units have ceramic tile floors throughout. private parking for 2 cars per unit. 4 of the units are rented to section 8 tenants with rents ranging from $840-$925/month. the remaining 4 units are rented to long-term tenants with rents at $700/month. current contract gross income of $76,404/year for all 8 units. attainable gross rents of $87,204/year. this affords a cap rate of 10.50% at a pro forma net annual income of $68,340 for the 8 units. do not disturb tenants.Multi Family - TEMPLE CREST UNIT 03
7309 AND 7311 N HUTTON, TAMPA, FL 33604
Date Sold 05-21-2018
Sold Price$590,000 Asking Price$650,000
Share by:
- Living 6496sqft
- Lot size 5900sqft
- Taxes: Register to see
- Year Built 1981
-
Days on market:
7 day(s) Original Price:
$325,000-
Price per sqft:
$100.06 Tax Legal Description:
TEMPLE CREST UNIT NO 3 LOT 8 LESS E 46 FT BLOCK 46Tax Year:
2017-
MLS:
T2934511 -
Property Type:
Multi Family -
Parking:
None In Garage
Lease Term Remaining:
24 MonthsConstruction Type:
StuccoBlockRoof:
ShingleCooling Description:
Central AirHeating Description:
CentralFloor Description:
Ceramic TileEquipment/Appliances:
Refrigerator Range Tankless Water HeaterSpecial Listing Conditions:
None
Description
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