$579,000 list price
location_onTAMPA, FL 33605 · Hillsborough County
Incredible opportunity to own this 4-unit multifamily property located in the Port of Tampa (Palmetto Beach) neighborhood, just minutes to Ybor City, Channelside and Downtown Tampa Bay. Currently, all units are tenant occupied and below market rate providing a perfect value add opportunity for the new buyer. Unit mix consists of a 3 bed, 1.5 bath, a 1 bed, 1 bath, and two studio units with ally access off the back of the property. Not to mention, an in-ground pool as an added amenity for your tenants. The property currently operates at a 4.1% CAP rate, however, Increasing the rents to market rate put it at a 7% CAP rate. Perfect opportunity for an Investor looking for passive income in an area expected to see great equity growth over the next few years. Also, potential for an owner occupant to live in one unit and have the other tenants pay your mortgage. Hardly any Quadplex options in all of the Greater Tampa Area around this price point.
Cooling
Heating
Construction
Roof
Parking
Pool
$115,800 down
Loan amount $463,200
Estimated monthly principal & interest
$2,928
Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.
MCBRIDE KELLY & ASSOCIATES
813-254-0900
