|Price/Rent PSF||$ 445,000.00|
|SQ. FT. Available||3,368|
The subject property is strategically located in the heart of Tampa and in close proximity to the South Tampa region, southeast of the Veteran’s Expressway, north Interstate 275, and west of Dale Mabry Highway; just minutes from trendy and desirable Seminole Heights and SoHo areas; Tampa Bay’s most desirable submarkets.
The Seminole Heights area has become a landmark destination for fine dining and has become a cherished regional hub. Within 15-minutes or less, residents can get to the International Mall, Tampa International Airport, University of Tampa, or the downtown area which is now home to attractions such as Armature Works, Franklin Manor, Hall of Franklin, the SoHo District, and many more locations.
This turnkey fully occupied investment opportunity consist of one, two-story building with two, two-bedroom/one-bathroom apartments and two, three-bedroom units. These units are approximately 670 and 750 square feet respectively and feature semi-private entrances. All of the units have updated kitchens, bathrooms, cabinets, and washer/dryer hookups. The building has received recent quality care by the current owner and was full renovated and updated in 2010. All units are currently occupied and are under market rent.
This 4-Unit Property allows an investor to access a highly desirable submarket with average rents $200 below market. A new investor can increase average rents and achieve an increased cap rate of over 8 percent.
The property is being offered free and clear of debt.