$765,000
$824,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
3,752 SqFt
SOLD DATE : 04/24/2024
Key Details
Sold Price $765,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,752 sqft
Price per Sqft $203
Subdivision Hamilton Heath Rev Map
MLS Listing ID T3456035
Sold Date 04/24/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1926
Annual Tax Amount $6,823
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60x100
Property Description
This multifamily property is an absolute GEM -- all units are oversized with spotless kitchens and bathrooms + beautiful hardwood floors and walk-in closets. Live in one unit and rent to wonderful, long-term tenants or keep renting all four units on this perfect street just minutes away from the river and Tampa's best coffee shops, bars, and restaurants (10 minute drive to Armature Works).
As an investment, the fourplex is a owner's dream: with overwhelming demand for apartments (two 2/1s and two 1/1s) in Seminole Heights; the entire property was fenced and covered in pavers so no monthly landscaping required + no HOA; in 2021, electrical was completely replaced, trees were trimmed, and roof was recoated; tenants pay for utilities (monthly credit given for water) and washer/dryer already set-up for units; truly, this property has been meticulously maintained and the tenants are kind professionals who were well-vetted with average time in unit >5 years. Currently a 6.5% cap rate but close to 8% with at-markets rents.
Managing the property is easy and headache-free. Looking for the right buyer who is excited about all the amazing things that will continue to come to Tampa. Will work with 1031 buyers who need timeline flexibility.
Note: please respect the tenants and property. There are cameras covering the entire premises and no one is allowed on the property without the owner's approval.
Location
State FL
County Hillsborough
Community Hamilton Heath Rev Map
Zoning SH-RS
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Wood
Fireplace false
Appliance Dryer, Gas Water Heater, Range, Refrigerator, Washer
Laundry Laundry Closet
Exterior
Exterior Feature Fence, Storage
Parking Features Driveway, Oversized
Utilities Available Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
Roof Type Membrane
Garage false
Private Pool No
Building
Lot Description Level, Sidewalk, Paved
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with ALIGN RIGHT REALTY CARROLLWOOD
"My job is to find and attract mastery-based advisors to the shop, protect the culture, and make sure everyone is happy! "