Listing ID : W7830398
-
Beds
5 -
Baths
3/0 -
Structure / Lot Size
2,232 Sqft / 0.11 Acre -
Year
1923
Description
$30,000 REDUCTION!!! In the heart of West Tampa this Duplex is a great investment with value add opportunity. Midtown currently under construction just minutes away. 11 blocks from Baycare St. Joseph's Hospital. A two story duplex with a 2 bed/1 bath unit downstairs renting at $1275/Mo. and a 3 bed/1 bath unit upstairs renting at $1050/Mo. well under market value, with newer kitchen appliances and remodeled kitchen and bathrooms. On site laundry for downstairs unit and in-unit laundry for upstairs unit. An additional non-conforming unit with an additional bedroom, bathroom and kitchen my have possible future use with the right permitting and/or variance. Two tenants with one year leases. Fully occupied. Current gross annual income of $27,900. Proforma with permitted 3rd unit and increased rent to market rate has a cap rate of 8% with an NOI of $33,200. AS IS, CASH ONLY OFFERS!
