Address:
{$house.listing.address.address_line_1$}
{$house.listing.address.city$}, {$house.listing.address.state$} {$house.listing.address.postal_code$}
Price:
{$house.price$}
Listing Number:
{$house.listing.listing_number$}
{$metadata[0]$}:
{$metadata[1]$}
Description: 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.

{$adm.title$}
Virtual Flyer
PDF Flyer
Share
Click For Audio 🔇