6602 and 6604 S Juanita St., Tampa, FL 33616

6602 and 6604 S Juanita St., Tampa, FL 33616
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$700,000
Sold on 6/28/21
Beds Baths Sq. Ft. Taxes Built
0.00 3,456 $6,929 1983
On the market: 56 days
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New roof and completely renovated unit leased at market rate! VALUE ADD PROPERTY. Excellent income opportunity 2 duplex buildings in the heart of South Tampa! All units are very easily rentable as in highly desirable area in growing Port Tampa; close to Westshore Yacht Club and Westshore Marina District. 3 of the tenants are long-standing tenants with more dated apartments, so room to maximize rents and create more value. Each unit has a large 1,700 sq ft garage. There may even be opportunity to convert these into more apartments. Tenants pay for water, sewer, electricity and garbage. Current contracted gross rental income is $54,000/year. Attainable gross rents of $67,200/year, based on increasing tenants to market rent of $1400/month. This affords a cap rate of 7% at a pro forma NOI of $52,008/year. See attached Pro Forma and Rent Roll. DO NOT DISTURB TENANTS.
Listing courtesy of Rachel Phillips, HIGHMARK REAL ESTATE