1 /
8
Map
$5,444,132*
●
Multifamily -
Off Market
702 E 113TH AVENUE #28
TAMPA, FL 33612
Studio
0 Bath
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/07/2019
|
Studio
|
-
|
25220 ft²
|
$3,200,000
Studio
-
25220 ft²
|
-
-
|
-
|
-
|