$579,000
Description
Incredible opportunity to own this 4-unit multifamily property located in the Port of Tampa (Palmetto Beach) neighborhood, just minutes to Ybor City, Channelside and Downtown Tampa Bay. Currently, all units are tenant occupied and below market rate providing a perfect value add opportunity for the new buyer. Unit mix consists of a 3 bed, 1.5 bath, a 1 bed, 1 bath, and two studio units with ally access off the back of the property. Not to mention, an in-ground pool as an added amenity for your tenants. The property currently operates at a 4.1% CAP rate, however, Increasing the rents to market rate put it at a 7% CAP rate. Perfect opportunity for an Investor looking for passive income in an area expected to see great equity growth over the next few years. Also, potential for an owner occupant to live in one unit and have the other tenants pay your mortgage. Hardly any Quadplex options in all of the Greater Tampa Area around this price point.Property Highlights
- Property Type: Multi Family, Quadruplex
- MLS #: T3368736
Property Features
| Interior Square Footage | 2,080 |
| Lot Size Acres | 0.22 |
| Lot Size Dimension | 95x100 |
| Lot Size Square Feet | 9,500 |
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