7309 and 7311 N Hutton Pl., Tampa, FL 33604

7309 and 7311 N Hutton Pl., Tampa, FL 33604
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$590,000
Sold on 5/21/18
Beds Baths Sq. Ft. Taxes Built
0.00 6,496 $2,388 1981
On the market: 68 days
View full details, 15 photos, school info, and price history
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.
Listing courtesy of Rachel Phillips, HIGHMARK REAL ESTATE