Excellent income opportunity 2 duplex buildings in the heart of South Tampa! All units are very easily rentable as in highly desirable area in growing Port Tampa; close to Westshore Yacht Club and Westshore Marina District. Tenants are long-standing tenants so room to maximize rents and create more value. Each unit has a large 1,700 sq ft garage. There may even be opportunity to convert these into more apartments. Tenants pay for water, sewer, electricity and garbage. Current contracted gross rental income is $51,000/year. Attainable gross rents of $62,400/year, based on increasing tenants to market rent of $1300/month. This affords a cap rate of 7.55% at a pro forma NOI of $47,448/year. See attached Pro Forma and Rent Roll. DO NOT DISTURB TENANTS.
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