7 Beds
8 Baths
3,869 SqFt
7 Beds
8 Baths
3,869 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,869 sqft
Price per Sqft $174
Subdivision Adamo Acres Unit 01
MLS Listing ID N6139553
Bedrooms 7
HOA Y/N No
Year Built 1949
Annual Tax Amount $4,248
Lot Size 1.390 Acres
Acres 1.39
Lot Dimensions 138x323
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Located just minutes from Downtown Tampa, Ybor City, and the Port of Tampa, this rare multi-unit estate offers unmatched potential in one of the city's fastest-growing corridors. Are you looking for an investment project with massive upside? This is it. Sitting on nearly an acre and a half of land—not in a flood zone—this opportunity is perfect for anyone looking to secure a long-term income-producing asset in Florida without the added risk of flood insurance. The property currently consists of 3 duplexes and a single-family home, all occupied by long-term tenants, with just one vacancy. Rents are currently way below market value and its currently generating a little over 60k, and with some TLC and updates, the projected income could easily reach $115,000+ annually, not including the potential to subdivide and build additional units on-site. With the owner relocating, the door is open for the next savvy investor to take over and elevate this portfolio to its highest and best use. Whether you're expanding your portfolio or just getting started, this one checks all the boxes. If you'd like to view the property, please contact your local agent and allow 24 to 48 hours for access to the leased units.
Location
State FL
County Hillsborough
Community Adamo Acres Unit 01
Area 33619 - Tampa / Palm River / Progress Village
Zoning RDC-12
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Wall/Window Unit(s)
Furnishings Unfurnished
Fireplace false
Appliance Dryer, Range, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Other
Parking Features Driveway, Guest, None, Off Street, On Street, Open, Parking Pad
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Other,Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Level, Oversized Lot, Paved
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Public
Structure Type Block,Stucco
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Owner Financing
Membership Fee Required None
Listing Terms Cash, Owner Financing
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/N6139553
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "