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.
Listing courtesy of HIGHMARK REAL ESTATE.
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on