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$319,000 • living size area 1659 sqft
Great investment property with the possibility 27% per year cash on cash return based on current income and up to 40% return based on projected rent increases. there are two adjoining duplexes that are being sold together. both are side by side to each other. combined there are 4 (ea) 2 bedroom one bath units. all have ceramic tile floors in the common areas and carpet in the bedrooms. the two duplexes are sold for $350,000. there is also the possibility to knockdown the units later and build 6 units (25' wide lots). the west river area is changing fast and so are the rents. great rent and hold properties. property being sold at a 27% levered cap rate (@30% down) with 4 (ea) section 8 renters in place.Multi Family - MAC FARLANES REV MAP OF ADDS WEST TAM
W, TAMPA, FL 33607
Date Sold 08-22-2017
Sold Price$310,000 Asking Price$319,000
Share by:
- Living 1659sqft
- Lot size 7050sqft
- Taxes: Register to see
- Year Built 1978
-
Days on market:
51 day(s) Original Price:
$350,000-
Price per sqft:
$192.28 Tax Legal Description:
MAC FARLANES REV MAP OF ADDITIONS TO WEST TAMPA LOT 7 AND E 1/2 OF LOT 8 BLOCK 15Tax Year:
2016-
MLS:
T2883134 -
Property Type:
Multi Family -
Parking:
None Parking Pad
Lease Term Remaining:
24 MonthsConstruction Type:
BlockRoof:
ShingleCooling Description:
Central AirHeating Description:
ElectricCentralFloor Description:
CarpetCeramic TileInterior Features:
AtticExterior Features:
FencedEquipment/Appliances:
Microwave RangeSpecial Listing Conditions:
NoneLot Features:
SidewalkCity Lot Near Public Transit
Description
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