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    4911 Temple Heights Road , Ad

    Tampa, FL 33617
    • $835,000
    • STATUS: Active
    • ON SITE: 145 days
    • MLS #: U8107488
    UPDATED: 33 min ago
    $835,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,496
      SQFT
    • $129
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Ratings & Info

    Description

    Don't look past these 8 Value Add Multifamily units in Tampa! The Property consists of two 4 unit buildings with below market rents and one vacancy. The Seller completed major renovations on each building, including but not limited to plumbing, HVAC, roof, bathrooms, and kitchen countertops. While both buildings still require some work to reach its fully stabilized value, this is the ideal investment for an investor willing to put in the work!Current Annual Scheduled Gross Income is $77,760, with a Pro Forma Gross Rental Income of $91,200 after rents are brought to a market value. All units except for one are occupied. An investor has the opportunity to stabilize the investment at a Prop Forma Cap Rate of around 6.35%.

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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 2021-05-09T20:39:02.673.
    www.memoryhopkinsrealestate.com/homes/112594162
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    4911 Temple Heights Road , Ad Tampa, FL 33617

    • Price: $835,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: U8107488
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,496
    SQFT
    $129
    $/SQFT
    1982
    Built
    Neighborhood:
    Temple Terraces
    County:
    Hillsborough
    Area:
    Tampa / Temple Terrace
    Property Description
    Don't look past these 8 Value Add Multifamily units in Tampa! The Property consists of two 4 unit buildings with below market rents and one vacancy. The Seller completed major renovations on each building, including but not limited to plumbing, HVAC, roof, bathrooms, and kitchen countertops. While both buildings still require some work to reach its fully stabilized value, this is the ideal investment for an investor willing to put in the work!Current Annual Scheduled Gross Income is $77,760, with a Pro Forma Gross Rental Income of $91,200 after rents are brought to a market value. All units except for one are occupied. An investor has the opportunity to stabilize the investment at a Prop Forma Cap Rate of around 6.35%.
    Exterior Features

    Carport Yn No Construction Materials Stucco Exterior Features Other Foundation Details Slab Pool Private Yn No Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central Air Fireplace Yn No Heating Other Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn Yes Annual Net Income 53918.00 Association Yn No Cdd Yn No DPR No Flood Zone Code X Garage Yn No New Construction Yn No Property Sub Type Multi-Family Senior Community Yn No Special Listing Conditions None Tax Annual Amount 5344.88 Tax Year 2020 Total Num Buildings 2 Utilities Other Zoning Rm-24


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Rms Elite Properties.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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 2021-05-09T20:39:02.673.
     
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    Memory Hopkins Real Estate
    93B Orange St.
    St. Augustine FL, 32084