$995,000
Active · 299 days on market · MLS# MFRTB8424013
| Living area | 3,309 sq ft |
|---|---|
| Lot size | 0.26 acres |
| Year built | 1947 |
| Property type | Multi-Family 5+ |
| Waterfront | Yes |
| Annual taxes | $3,823 |
| County | Hillsborough |
Rare opportunity to acquire a fully occupied 10-unit income property in central Tampa producing immediate rental income. The property features a unique layout consisting of a 2-bedroom/1-bath home, an attached 1-bedroom/1-bath unit, and eight private studio apartments — each with its own kitchen and bathroom. Most units have been updated, providing a strong operational foundation with limited near-term capital improvements required. The property has a consistent occupancy history and serves the area’s continued demand for affordable rental housing. Building systems include a combination of metal and shingle roofing, multiple HVAC types (central air, mini-splits, and wall units), and installed leak-detection devices throughout the units to help reduce maintenance risk. This asset offers immediate cash flow with additional upside potential through operational efficiencies, rent adjustments over time, and the future addition of on-site laundry income. Centrally located with convenient access to major roadways, employment centers, and neighborhood retail, the property benefits from steady tenant demand.
Listing courtesy of Alexander Lucke, KELLER WILLIAMS TAMPA PROP.. Presented by MC Homes Realty Inc · 727432218.