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Sold for $1,350,000
  • $1,350,000

    3404 Phillips St #A-f, Tampa, FL 33619

    18beds
    12baths
    6,048sqft
    Multi Family
    Built in 1989
    -- sqft lot
    $1,439,300 Zestimate®
    $223/sqft
    $1,536 Estimated rent

    Home value

    $1,439,300

    $1.28M - $1.63M

    $1,536/mo

    Zestimate® history
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    $1,536/mo

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    $1,536/mo

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    $9,273/mo

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    $9,273/mo

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    What's special

    Separate electrical metersFresh exterior paintNewer roofs
    Welcome to the Prime DUPLEXES at 3402, 3404, and 3406 N Phillips St, Tampa, FL 33619 - an Unbeatable Investment Package! Key Features that Set this Investment Apart: TRIPLE BLOCK DUPLEXES. Acquire not one, not two, but THREE contiguous block duplexes, forming a solid block of SIX income-producing units. HIGH OCCUPANCY: Currently, 5 out of 6 units are leased, ensuring a steady and reliable income stream from day one. LUCRATIVE RENTAL INCOME: With an impressive average rental income of $1,695 per month per unit, this investment promises substantial and consistent cash flow.WELL DESIGNED LAYOUTS: Each apartment boasts a spacious 3-bedroom, 2-bathroom layout, catering to the modern tenant's needs.RECENT RENOVATIONS: Witness the value-added enhancements, including newer roofs, and fresh exterior paint. 4 of the 6 units have been upgraded with new flooring, kitchen, baths and more - totalling $100,000 in improvements. These renovations not only enhance the property's appeal but also contribute to long-term durability and value. RAPID APPRECIATION:Rents have already increased by a remarkable 24% in less than 2 years, showcasing the potential for significant appreciation.STABLE TENANT BASE: We've strategically cleared out non-paying tenants and secured new, long-term occupants for increased stability. FUTURE POTENTIAL: This property is ripe for the savvy investor willing to secure higher rents and guaranteed payments using Gov't programs. Seize the opportunity to tap into this additional income stream! TENANT-PAID UTILITIES: Tenants contribute $70-$75 each for water/trash in addition to rent, ensuring minimal overhead for the savvy investor.SOLID FINANCIALS: Enjoy an annual rent of $112,387, with an 8% vacancy discount, and separate electrical meters - tenants foot the bill! This meticulously curated portfolio of income-producing properties can be yours as a package deal for $1.4M or individually. Don't miss out on the chance to secure a sound and lucrative investment in the dynamic real estate market. Your future prosperity awaits! Contact us now to seize this golden opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica Scrivani 813-355-0744,

    COMPASS FLORIDA, LLC 305-851-2820

    Bought with:

    Dilayda Peralta, PA, 3549802

    LPT REALTY, LLC

    Source: Stellar MLS,MLS#: T3503111MLS LogoOriginating MLS: Tampa

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 18
    • Bathrooms: 12
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Inside
    Features
    • Ceiling Fan(s)
    • Has fireplace: No
    Interior area
    • Total interior livable area: 6,048 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Other
    Lot
    • Size: 5,600 Square Feet
    • Dimensions: 150 x 113
    • Features: Corner Lot
    Details
    • Additional parcels included: A-10-29-19-4BX-000023-00011.0,A-10-29-19-4BX-000023-00012.0, A-10-29-19-4BX-000023-00010.0
    • Parcel number: B1029194BX00002300011.0
    • Zoning: RM-16
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block, Concrete, Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1989

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: GRANT PARK
    HOA
    • Has HOA: No
    Location
    • Region: Tampa

    Financial & listing details

    • Price per square foot: $223/sqft
    • Annual tax amount: $4,074
    • Date on market: 2/14/2024
    • Cumulative days on market: 17 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 0
    • Tenant pays: Electricity, Water
    • Electric utility on property: Yes
    • Road surface type: Other

    Price history

    DateEventPrice
    3/29/2024Sold$1,350,000-3.6%$223/sqft
    Source: Stellar MLS #T3503111 Report a problem
    3/3/2024Pending sale$1,400,000$231/sqft
    Source: Stellar MLS #T3503111 Report a problem
    2/14/2024Listed for sale$1,400,000$231/sqft
    Source: Stellar MLS #T3503111 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Florence

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,439,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,439,300