Sarasota's Premier Homes

2703 N 9TH STREET

TAMPA , FL 33605

MLS#: TB8482060

$691,000

Status: Active
Listing number: TB8482060
Listing provided by: BOSS LADY REALTY LLC
Listing agent phone: None
Last update: 11 hours ago
New on site 1 day ago
Browse Properties
BONNIEHAVEN - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1927

Sq.Footage

5,212

1927 Character 6-Unit Asset | Proven High Rents | Engineered Value-Add | Separate Meters This is not a “project.”  This is a cash-flowing 1927 vintage asset with documented upside.  Originally built in 1927, this six-unit apartment building blends historic charm with modern infrastructure upgrades and a clear, engineered path to increased value. In 2024, the property was struck by lightning — creating the opportunity to professionally upgrade and improve significant portions of the building. Income Profile (Pre-Strike Performance) • (4) Fully renovated 1BR units upstairs rented at $2,500/month each (fully furnished) • (2) Downstairs 1BR units rented at $1,400/month each • All units separately metered for electric AND water This asset has already demonstrated strong rental demand at premium rates. Improvements & Infrastructure All plumbing and electrical updated upstairs 75 percent of plumbing and electrical upgraded downstairs New rear staircase New side porch Separate electric meters Separate water meters The heavy lifting has been done. Engineered Upside Seller is providing: • Full engineering plans for remodel • Plans to convert lower units into (2) 2BR/2BA units • Contractor bid for completion This isn’t guesswork — it’s a mapped-out value-add strategy. Why This Is Compelling • Proven rental history • Premium furnished rents upstairs • Clear pathway to increased NOI • Metered utilities reduce landlord expense exposure • Historic character with modern systems For the right investor, this is a repositioning play with documentation, not speculation. The Big Picture Assets from the 1920s with separate meters, updated systems, and engineering in hand are rare. This property was well maintained prior to the 2024 event and presents a unique opportunity to complete an upgrade plan already in motion. If you understand forced appreciation, this one will make sense.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Asbestos

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.18

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $691,000

  • Tax Amount

    $10,417.37

  • Sq. Footage

    5, 212

  • Price/SqFt

    $132

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Ownership

    Corporation

  • Tax Lot

    6

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Location

County

Hillsborough

Elementary School

Middle School

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Listing Courtesy of Laura Spaulding , BOSS LADY REALTY LLC

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Agent Michael Graf

Business Coach | Executive Sales Associate | Realtor®

Michael Graf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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1927 Character 6-Unit Asset | Proven High Rents | Engineered Value-Add | Separate Meters This is not a “project.”  This is a cash-flowing 1927 vintage asset with documented upside.  Originally built in 1927, this six-unit apartment building blends historic charm with modern infrastructure upgrades and a clear, engineered path to increased value. In 2024, the property was struck by lightning — creating the opportunity to professionally upgrade and improve significant portions of the building. Income Profile (Pre-Strike Performance) • (4) Fully renovated 1BR units upstairs rented at $2,500/month each (fully furnished) • (2) Downstairs 1BR units rented at $1,400/month each • All units separately metered for electric AND water This asset has already demonstrated strong rental demand at premium rates. Improvements & Infrastructure All plumbing and electrical updated upstairs 75 percent of plumbing and electrical upgraded downstairs New rear staircase New side porch Separate electric meters Separate water meters The heavy lifting has been done. Engineered Upside Seller is providing: • Full engineering plans for remodel • Plans to convert lower units into (2) 2BR/2BA units • Contractor bid for completion This isn’t guesswork — it’s a mapped-out value-add strategy. Why This Is Compelling • Proven rental history • Premium furnished rents upstairs • Clear pathway to increased NOI • Metered utilities reduce landlord expense exposure • Historic character with modern systems For the right investor, this is a repositioning play with documentation, not speculation. The Big Picture Assets from the 1920s with separate meters, updated systems, and engineering in hand are rare. This property was well maintained prior to the 2024 event and presents a unique opportunity to complete an upgrade plan already in motion. If you understand forced appreciation, this one will make sense.

2703 N 9TH STREET

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