Residential Property - Single Family Residence in Tampa
Listing Price: $550,000
Description of Property
Investor’s Dream Near Raymond James Stadium! Discover this versatile income-producing property in Tampa, just minutes from Raymond James Stadium and Steinbrenner Field. Originally a 3-bedroom, 2-bath home, this property has been thoughtfully converted into two studio apartments, one 1-bedroom apartment, and a main living space with 2 Bedrooms and 1 bath. Current NOI is $36k with a 6.5% Cap Rate, and units are on month-to-month leases at below-market rates. With a Potential Gross Income (PGI) of $64K annually based on current rental market valuation, the property offers a potential of 11.5% Cap Rate. Updated roof (2021) + solar panels for energy efficiency. Prime location – close to highways, shopping, dining, and major attractions. Spacious parking for tenants and guests. Endless potential for short-term or long-term rentals. With a motivated seller and multiple income streams, this property is a true investor’s gem in one of Tampa’s hottest rental markets.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Tampa
County: Hillsborough
Subdivision: John H Drews First Ext
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 2,551
Sq. Ft. Living Area: 2,028
Cost per (heated) sqare foot: $271
Year built: 2002
Annual Tax: $2,234
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Washer
Flooring: Tile
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Traditional
Construction: Stucco
Foundation: Block
Roof: Shingle
Exterior Features: Sidewalk
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features: Patio
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.13
Lot Size (sq. ft.): 5,562 square feet
Lot Dimensions: 54 x 103
Front Exposure: West
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: A1029183J500005100012.0
Zoning: RS-50
Tax Legal Desc.: JOHN H DREW'S FIRST EXTENSION LOT 12 BLOCK 51 AND N 1/2 OF CLOSED ALLEY ABUTTING IN S
Section: 10
Range: 18
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
