Photo 1 of 1
$198,000
Sold on 5/01/20
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
1,508 |
$1,639 |
1962 |
On the market:
46 days
|
View full details, 15 photos, school info, and price history
HIGH CASH-FLOWING QUADPLEX with brand new roofs, updated vinyl flooring, updated kitchens with new appliances, and bathroom fixtures. Current monthly rents total $2,450. Tenants responsible for electric and owner pays water, sewer, trash. Average monthly bill from City of Tampa only around $100. Still plenty of opportunity to optimize future rent prices. This affords a pro forma cap rate of 10% (see attached documents). Major value added if new owner were to split water meters. This is the perfect opportunity to add to your portfolio. Property is being sold "as-is" with right to inspect.
Listing courtesy of Sam Ervin, SOUTH CEDAR REAL ESTATE, INC