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$1,475,000

EIGHT-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY IN TAMPA'S UNIVERSITY AREA! Situated on approximately 0.52 acres, this property features eight 2-bedroom, 1-bathroom apartments across four separate, single-story concrete-block duplex buildings. Conveniently located near the University of South Florida, major employment centers, shopping, dining, and interstate access, this property offers an attractive opportunity for investors seeking a multifamily asset with significant rental income potential. Current ownership has invested extensively in property improvements, with an emphasis on quality materials, durability, and long-term value. Renovated units feature upgrades such as granite and quartz countertops, tile flooring, beautifully tiled tub surrounds, updated kitchens and bathrooms, and other modern finishes. Additional property improvements include replacement windows in numerous units, attractive black aluminum perimeter fencing, landscaping, and palm trees. Renovation levels and finishes vary by unit. FOUR UNITS CURRENTLY OCCUPIED AND FOUR VACANT, providing the next owner with the flexibility to establish new leases at market rates while benefiting from existing rental income. Current occupied rents total $5,875 per month, with estimated market rental potential of $12,125 per month ($145,500 annually) at full occupancy. Unit A also has a scheduled rent increase during the second year of its lease. Tenants are responsible for their individual electric utilities, while ownership provides water and sewer service. With its solid concrete-block construction, desirable all-2-bedroom unit mix, substantial owner improvements, and opportunity to increase occupancy and rental income, this property presents a compelling investment opportunity in Tampa's University Area. Offering Memorandum, rent roll, and additional financial information available upon request.

16 Beds ⋅ 8 Baths ⋅ Byars Revision Of Sunnyland Ac SubDv. ⋅ 33613 Zip Code

1511 E 140th Avenue, Tampa

$429,999

Investment opportunity in Tampa with both units vacant and ready for immediate occupancy or tenant placement. This duplex features two 2-bedroom, 1-bathroom units, offering an ideal setup for an investor seeking rental income or an owner-occupant looking to live in one unit while leasing the other. Both units have been freshly repainted, providing clean, move-in-ready interiors. Unit B has been remodeled and features an updated kitchen, new HVAC, new water heater, new electrical panel, new windows, and new blinds. Unit A also features new carpet and has been recently painted. Roof is 2023. Each residence offers its own private entrance and a functional floor plan, while the property includes off-street parking and a spacious yard surrounded by mature trees. With both units currently vacant, a new owner has the flexibility to establish their own rental terms and lease both units asap. Conveniently located near major Tampa roadways, shopping, dining, and everyday amenities, this investment opportunity offers a versatile addition to an investment portfolio with the opportunity to begin generating rental income right away.

Byars Revision Of Sunnyland Ac SubDv. ⋅ 33613 Zip Code

1408 E 140th Avenue, Tampa

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