x
Address
702 E 113TH AVENUE #28 Tampa, FL
Price
$ 3,200,000
Property Attributes
  • MLS#T3191611
  • TypeIncome
  • CountyHILLSBOROUGH
  • CityTampa
  • AreaTampa - Forest Hills
  • NeighborhoodUnplatted
  • Zip33612
  • StyleMulti-Family
  • Year Built1983
  • Taxes28968
  • Price$ 3,200,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage25220
  • Lot Size2.36 Acres
Listing Provided Courtesy Of:
LA ROSA REALTY, LLC
Property Description

Hard to find medium size multifamily income property with 8.0% Cap rate on cash sale basic numbers! Great location surrounded by quiet single family homes. 28 -2 bed rm 1.5 bath 2 story town homes ! Not 4 plexes! No HOA a pvt owned complex! Each unit with individual laundry closets & Central Air! 20 units remodeled now with new kitchen & bath cabinets with granite counters! Each re-painted & re-carpeted before rental. Now at current max rate for new Sec 8 lease in this zip code of $1045/mo which owner includes water sew & garbage. Get half the monthly income directly from sec 8!..renewals of sec 8 can be raised with mkt rents. Owner also gets security deposit equal to rent at move in. Could add private water metering & 3rd party billing to gain extra income. Great location only 1.5 miles to the soon redeveloped University mall, 2.0 miles to USF and 2.5 miles to new VA addition, & new Hospital addition. Only 3 blocks to I275! Great upside to this investment this location! Short walk to bus stop on Nebraska or to Fowler but plenty of parking lot for all the tenants. Currently doing RR on exterior and re painting (2 Buildings done) & couple roofs redone. Can consider assuming 4.03% loan of 1.2mil with 8 yrs left and must qualify. Has an affordable leased storage shed & office trailer on site. Self managed! EZ to keep rented! No comparison in Tampa! Decided giving up opportunity & retire to travel as last child is in college. All information deemed reliable but subject to verification of buyer & buyer agent.

High School
Wharton-HB High School
Price History
8/8/2019 Listed $3,200,000

General Features

High School Wharton-HB
Lease Term 12 Months
MLS Area 33612 - Tampa / Forest Hills
Property SubType Multi-Family
Property Type Residential Income
Security Features Closed Circuit Camera(s), Security System Leased, Security System Owned
Subdivision Name UNPLATTED
Total Num Buildings 8
Total Units 28
Township 28
Unit Number 28
Zoning PD

Interior Features

Appliances Electric Water Heater, Range, Range Hood, Refrigerator
Cooling Central Air
Flooring Carpet, Ceramic Tile, Laminate, Vinyl
Heating Central, Electric
Interior Features Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
Laundry Features Laundry Closet, Other
Unit Count 1
Utilities Electricity Connected, Public, Sewer Connected

Exterior Features

Building Area Total 27496.00
Construction Materials Block, Stucco, Wood Frame, Wood Siding
Exterior Features Lighting
Lot Dimensions 0x0x0x0
Lot Features In City Limits, Near Public Transit, Oversized Lot, Street Paved
Lot Size Acres 2.36
Lot Size Square Feet 102801
Parking Features Common, Off Street, Open, Oversized
Patio/Porch Features Covered, Rear Porch
Roof Shingle
Sewer Public Sewer

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33612

Price
AVG $1.39M
$3.2M
Taxes
AVG $11,785
$28,968
Visits
AVG 244
53
Year Built
AVG 1974
1983

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