$800,000
$849,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
2,676 SqFt
SOLD DATE : 03/08/2023
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,676 sqft
Price per Sqft $298
Subdivision Farnsworth Add To Oak Village
MLS Listing ID U8177975
Sold Date 03/08/23
Bedrooms 5
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1947
Annual Tax Amount $2,875
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 67.5x90
Property Description
This is your rare opportunity to own a freshly renovated quad close to downtown Tampa in the highly coveted 33603 zip code. The property consists of 2 duplexes on the same parcel for a total of 4 units, (3) 1 bedroom/1 bath units & (1) 2 bedroom/1 bath unit. The 2 story duplex located at 210 Plymouth St houses 2 of the 1 bedroom units, each are leased at $1500/mo and are 624sf a piece, with the downstairs offering a fenced in yard and the upstairs offering both a balcony and front deck. The bungalow duplex at 301 E Janette Ave houses the 2 bedroom unit with a large front porch and lots of curb appeal which currently is leased for $1800/mo, while also housing another 1 bedroom unit with a large fenced yard which is freshly vacated and being listed for $1600/month. This will bring total monthly rent to $6,400 with total annual income of $78,800. Owner expenses are exceedingly low as the property has been fully remodeled resulting in little to no maintenance, low property taxes of $2,875.38 last year, low insurance around $3k/annual, and tenants pay electric while owner pays water of around $100/mo. This already results in a pro forma cap rate of over 8%, which will only go up! Between the property use code and abundance of cleared land on the lot it is also prime to add more units. These units all feature stainless steel appliances, including in unit laundry, waterproof LVP flooring, a new roof on the bungalow, newly refinished metal roof on the 2 story, freshly added central air in the bungalow, new plumbing, upgraded cabinets, & quartz counter tops.
Location
State FL
County Hillsborough
Community Farnsworth Add To Oak Village
Zoning 0800 MFR
Interior
Interior Features Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Master Bedroom Main Floor, Master Bedroom Upstairs, Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace false
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
Laundry Inside
Exterior
Exterior Feature Balcony, Dog Run, Fence, French Doors, Lighting, Private Mailbox
Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Roof Type Metal, Shingle
Porch Covered, Deck, Front Porch, Patio, Porch, Rear Porch, Side Porch
Garage false
Private Pool No
Building
Lot Description Oversized Lot
Entry Level Two
Foundation Crawlspace, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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