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Key Details
Sold Price $420,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,455 sqft
Price per Sqft $121
Subdivision Terrace Acres
MLS Listing ID U8108177
Year Built 1973
Annual Tax Amount $4,750
Lot Size 0.330 Acres
New Construction false
Property Description
UPDATE: The property has been pressured washed, freshly painted, and landscaped! CASH OFFERS ONLY! 5 UNIT INVESTMENT OPPORTUNITY OFFERS OVER 9% CAP! 10.24! CAP Potential. Consistent income producing property with historically low vacancies which offers investors an ideal location that is poised for future growth. This property features two buildings, FOUR – two bedroom/ one bath units in main structure and a single detached one bedroom/ one bathroom. All units are fully occupied at this time with annual leases in place by professional management generating $4,150 monthly. Some of the units have had recent renovations and improvements such as newer tile floors, bathroom remodel, granite countertops, and more! The property sits on a large (101x142) lot zoned RMC-12 not in a flood zone. This property offers big savings on utilities (water and septic) due to onsite well averaging $20 a month! Low taxes, no HOA, no Flood, and low operating expenses make this an idle income property. The tenants enjoy the ample off street parking and close proximity to Highways which provides the convenience of a central location near many popular restaurants, shopping centers, medical facilities and more! Any and all offers that are accepted are with the understanding of "As-Is." Please do not disturb tenants. Start the New Year generating passive income!
Location
State FL
County Hillsborough
Community Terrace Acres
Zoning RMC-12
Rooms
Other Rooms Great Room
Interior
Heating Central, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Flooring Ceramic Tile
Exterior
Exterior Feature Fence
Parking Features None
Utilities Available Cable Available, Electricity Connected
Roof Type Shingle
Building
Lot Description Paved
Foundation Slab
Sewer Septic Tank
Water Well
Structure Type Block,Stucco
New Construction false
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with DALTON WADE INC