$175,000
$219,000
20.1%For more information regarding the value of a property, please contact us for a free consultation.
2,484 SqFt
SOLD DATE : 10/07/2019
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,484 sqft
Price per Sqft $70
Subdivision Nebraska Heights
MLS Listing ID O5805979
Sold Date 10/07/19
Construction Status No Contingency
HOA Y/N No
Year Built 1923
Annual Tax Amount $1,731
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x124
Property Description
Investors delight! This commercial 5-Unit property is located in the rapidly appreciating area of Seminole Heights. Only 10 minutes from downtown, this property can be used as a buy and hold or quick flip after leasing. There are currently two renovated units filled with tenants on a month to month lease. One is bringing in $600 and the other $700. There is major opportunity to increase these rents to $800+ and fill the other three units for the same price to achieve $4,000 in monthly cashflow. At an annual NOI of $48,000 and a $245,000 purchase this provides an incredible ROI. If interested please drive by, and contact me for a showing. Do not disturb tenants inside.
Location
State FL
County Hillsborough
Community Nebraska Heights
Zoning SH-RS
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Balcony
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Historic District, Sidewalk, Paved
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Other
Water Public
Structure Type Metal Frame,Wood Frame
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with FONTANA REALTY-17TH ST/EAST
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