3810 W Cleveland Street, Tampa, FL 33609

$799,000
3,248
SqFt
List Price
$799,000
Status
Active
Days on Market
15
MLS#
T3179887
Property Style
Quadruplex
Year Built
1983
Living Area
3,248
Lot Size
6,650
Acres
0.15
Total Acreage
Up to 10,889 Sq. Ft.
Legal Subdivision Name
Allens Sub
MLS Area Major
Tampa / Palma Ceia

Property Description

Excellent income opportunity at a quadplex building in the heart of South Tampa! Units have ceramic tile floors throughout, that are easily rentable. Private parking for 2 cars per unit. Current tenants are all long-standing with rents ranging from $1,050-$1,200. Current contracted gross rental income of $52,230/year. Attainable gross rents of $76,800/year, based on increasing tenants to market rent of $1600/month and collecting full water. This affords a cap rate of 7.7% at a pro forma net annual income of $61,593/year. See attached Pro Forma and Rent Roll. DO NOT DISTURB TENANTS.

Additional Information

Taxes
$9654
Community Features
No Deed Restriction
Property Description
Two Story
Zoning
RM-16
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Floor
Tile
Appliances
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Utilities
Cable Available, Electricity Connected, Sewer Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block, Stucco
Exterior Features
Sidewalk
Roof
Shingle
Foundation
Slab
Pool
No Pool
Elementary School
Grady-Hb
Middle School
Coleman-Hb
High School
Plant-HB
Flood Zone Code
X
Parcel ID
A-21-29-18-3LX-000000-00003.0
Legal Description
ALLEN'S SUBDIVISION LOTS 3 AND 4 AND N 7.5 FT OF LOTS 23 AND 24

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of HIGHMARK REAL ESTATE.

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