$610,000

About This Property

Incredible opportunity to own this 4-unit multifamily property located in the Port of Tampa (Palmetto Beach) neighborhood, just minutes to Ybor City, Channelside and Downtown Tampa Bay. Currently, all units are tenant occupied and below market rate providing a perfect value add opportunity for the new buyer. Unit mix consists of a 3 bed, 1.5 bath, a 1 bed, 1 bath, and two studio units with ally access off the back of the property. Not to mention, an in-ground pool as an added amenity for your tenants. The property currently operates at a 4.1% CAP rate, however, Increasing the rents to market rate put it at a 7% CAP rate. Perfect opportunity for an Investor looking for passive income in an area expected to see great equity growth over the next few years. Also, potential for an owner occupant to live in one unit and have the other tenants pay your mortgage. Hardly any Quadplex options in all of the Greater Tampa Area around this price point.

infoProperty Details

Property Type

Quadruplex

Year Built

1949

Living Area

2,080 sqft

Lot Size

0.22 acres

Bathrooms

0

Ownership

Fee Simple

Days on Market

5

List Date

Apr 27, 2022

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

MCBRIDE KELLY & ASSOCIATES

813-254-0900