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Property
Beds
5
Full Baths
3
1/2 Baths
None
Year Built
1928
Sq.Footage
2,077
Back on the market due to no fault of the seller! Their loss is your opportunity! HIGHEST AND BEST DUE BY SUNDAY 11/19 AT 12 NOON. Incredible Investment Opportunity in Tampa, FL. Dual Income Streams with Future Upside Potential! This exceptional property presents a unique and lucrative opportunity tailored for astute investors. The property showcases an ideal setup for maximizing returns through an in-law suite or a strategic house hack. The front house, a 3-bedroom, 2-bathroom bungalow spanning approximately 1,377 square feet, is just the beginning. Complementing it is a separate back house with 2 bedrooms and 1 bathroom, spanning around 750 square feet. This back house is perfectly positioned for an in-law suite or generating supplementary rental income. With some renovation, this property is the perfect rental or flip! Market rents for these units are estimated at $1,550 per month for the front house and $1,150 per month for the back house. Potential to yield a combined monthly income of $2,700! Projected on proforma rents, this property boasts an impressive 7.5% Capitalization Rate (CAP rate), highlighting the strong return on investment. Beyond the existing income, there's the advantage of future equity growth, courtesy of the generous corner lot on which the property sits. Each unit offers its residents private backyard spaces, allowing for outdoor relaxation and enjoyment. An added bonus is the separate garage, providing invaluable storage space. Notable updates include a recently replaced roof for the main home, ensuring long-term durability. The roof of the mother-in-law suite is approximately 4 years old, and both units benefit from HVAC systems of similar vintage. Strategically situated, this property offers easy access to the vibrant array of amenities and attractions that Tampa Bay is renowned for. Its proximity to I-275 ensures seamless commuting and convenient exploration of the surrounding area. Seize this outstanding investment prospect before it's too late. Schedule a viewing now to secure your position in the dynamic and thriving Tampa, FL real estate market! Your financial success starts here.
Features & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
5
-
Bathrooms
3
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Block, Vinyl Siding, Wood Siding
-
Other Exterior Features
Other, Storage
-
Parking
Open
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot, Near Public Transit
-
Lot Size(acres)
0.22
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Bungalow
Price
-
Sales Price
$275,000
-
Tax Amount
$3,299
-
Zoning
RS-50
-
Sq. Footage
2, 077
-
Price/SqFt
$132
HOA
-
Association
No
School District
-
Elementary School
Forest Hills-HB
-
Middle School
Adams-HB
-
High School
Chamberlain-HB
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Sewer
Public Sewer
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Location
County
Hillsborough
Elementary School
Forest Hills-HB
Middle School
Adams-HB
High School
Chamberlain-HB
Listing Courtesy of Tatum Peterson , MCBRIDE KELLY & ASSOCIATES
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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