See Home Value
Tampa 33612 Northeast Tampa
702 E 113TH AVENUE #28
$5,444,132*
Multifamily - Off Market

702 E 113TH AVENUE #28

TAMPA, FL 33612
bedrooms
Studio
bathrooms
0 Bath
square feet
25220 Sqft
$2,880,000 - $3,520,000
Reference Base Price*
70.13%
Since Nov 1, 2019
FL-Tampa
Primary Model

About This Property

Back on Mkt! Hard to find medium size multifamily income property with 8.0% Cap rate on cash sale base numbers! Great location surrounded by quiet single family homes. 28 -2 bed rm 1.5 bath 2 story town homes ! Not 4 plexes! No HOA pvt owned complex! Each unit has individual laundry closets & Central Air! 20 units remodeled now with new kitchen & bath cabinets with granite counters! Each re-painted & re-carpeted before rental. Now at current max rate for new Sec 8 lease in this zip code of $1045/mo which owner includes water sew & garbage. Get half the monthly income directly from sec 8!..renewals of sec 8 can be raised with mkt rents. Owner also gets security deposit equal to rent at move in. Could add private water metering & 3rd party billing to gain extra income. Great location only 1.5 miles to the soon redeveloped University mall, 2.0 miles to USF and 2.5 miles to new VA addition, & new Hospital addition. Only 3 blocks to I275! Great upside to investment in this location! Short walk to bus stop on Nebraska or to Fowler but plenty of parking lot for all the tenants. Currently doing RR on exterior and re painting (2 Buildings done) & couple roofs redone. Can consider assuming 4.03% loan of 1.2mil with 8 yrs left must qualify. Has an affordable leased storage shed & office trailer on site. Self managed! EZ to keep rented! No comparison in Tampa! Decided give up opportunity & retire to travel as last child is in college. All information deemed reliable but subject to verification of buyer & buyer agent.

The manager has listed the unit size as 25220 square feet.
Unit Size
25,220Ft²
Days on Market
-
Land Size
2.36 acres
Price per sqft
$127
Property Type
Multifamily
Property Taxes
$28,968
HOA Dues
-
Year Built
1983

Price History

Date / Event Date Event Price
Oct 18, 2019 No longer available -
No longer available
Aug 7, 2019 Listed $3,200,000
Listed

Property Highlights

Air Conditioning
Parking Available


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190807 Unit 28
08/07/2019
28
Studio
-
25220 ft²
$3,200,000
bedrooms
Studio
bathrooms
-
square feet
25220 ft²
-
-
-
-

Building Info

702 East 113th Avenue 702 East 113th Avenue, Tampa, FL 33612
More about this Building
702 East 113th Avenue
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About Northeast Tampa


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