INVESTOR ALERT, TAMPA is booming! This beautiful property is located in the up & coming Sulphur Springs neighborhood: which is ten minutes from the heart of Downtown Tampa, fifteen minutes from the airport, and half a mile from the Interstate: LOCATION, LOCATION, LOCATION. The building is a legal duplex, consisting of a 962 square foot 3 bedroom 1 bathroom main home unit and a 391 square foot 1 bedroom/1 bathroom second unit. Both units are currently rented: the 3/1 unit is rented for $1242 and the 1/1 is rented for $660. The 3/1 and the 1/1 are rented long-term. What does this mean for an investor? You can rent out both units and secure a 12-13% GROSS annual return on investment. Returns even get better with a 20% down payment of $35,000: you would have a mortgage payment of approximately $950 including taxes and insurance. With rent of $1902 a month, that is $950 in monthly CASH FLOW, or $11,400 in YEARLY CASH FLOW, equal to a 32% CASH ON CASH RETURN ON YOUR ORIGINAL INVESTMENT. The home has new everything! Building has new roof and both units have new kitchen and granite countertops! The main unit has has new central AC, flooring, washer and dryer hook up as well. This opportunity will NOT LAST!!
Originating MLS: Tampa
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Heating
Other
Cooling
Central
Appliances
Included: Refrigerator
Features
Flooring: Tile
Has fireplace: Yes
Interior area
Structure area source: Public Records
Total interior livable area: 1,457 sqft
Property
Features
Exterior features: Wood
Lot
Size: 4,748 sqft
Dimensions: 50X95
Details
Parcel number: 19283045M000044000120A
Zoning: RS-50
Construction
Type & style
Home type: MultiFamily
Property subtype: Duplex
Materials
masonry
Roof: Composition
Condition
Year built: 1922
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: BB/HS Internet Available
Community & neighborhood
Location
Region: Tampa
Subdivision: Sulphur Spgs Add
Other
Other facts
Additional Parcels YN: 0
Construction Materials: Wood Frame
Cooling: Central Air
Country: US
Fireplace YN: 0
Garage YN: 0
Heating: Central
Listing Service: Full Service
Listing Terms: Cash, Conventional
Major Change Type: Pending
Minimum Lease: No Minimum
Mls Status: Pending
New Construction YN: 0
Ownership: Fee Simple
Pool Private YN: 0
Previous Status: Active
Property Type: Residential Income
Roof: Shingle
Sewer: Public Sewer
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