4911 Temple Heights Road #ad,
TAMPA FL, 33617
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. An investor is presented with the unique opportunity to invest in a Value Add property where the hard work of renovations has already been completed!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%.All property photos will be updated shortly.
Details
| MLS# | U8107484 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 41 |
Features
| SQ Feet | 6,496 |
|---|---|
| Zoning | RM-24 |
| Acreage | 0.15 |
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Learn More About This Property
| Area Information | |
|---|---|
| State | FL |
| County | Hillsborough |
| City | TAMPA |
| Zip Code | 33617 |
| Area | 33617 - Tampa Temple Terrace |
| Listing VS Median (in 33617) | |
Price: $847,800 low | high Med: $136,000 SqFt: 6,496 low | high Med: 1,110 $ / SqFt: $131 low | high Med: $123 On Site: 41 low | high Med: 19 | |
MLS Number: U8107484Listing Provided By:
Davis Nunneley of RMS ELITE PROPERTIES