109 W 131st Ave
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109 W 131st Ave
5 Unit Apartment Building $1,175,000 ($235,000/Unit) 5.90% Cap Rate Tampa, FL 33612
Investment Highlights
- Room to potentially BUILD ADDITIONAL UNITS
- Right off bustling Florida Ave, just south of Fletcher
- Five 2BR/1BA units, each 729 sq ft. All with central AC
- Lot Size Acres: 0.98
- DUPLEX (1,458 sq ft) and a TRIPLEX (2,187 sq ft)
- NEW SHINGLE ROOFS
Executive Summary
PRIME LOCATION – INVESTOR ALLERT!! Excellent opportunity to own a MULTI-FAMILY property in the heart of Tampa Bay! This offering includes a DUPLEX (1,458 sq ft) and a TRIPLEX (2,187 sq ft) situated on nearly 1-ACRE, right off bustling Florida Ave, just south of Fletcher. This 3,645-square-foot property features five 2BR/1BA units, each 729 sq ft, built with sturdy concrete BLOCK construction, central AC, and NEW SHINGLE ROOFS. Tenants pay all utilities with separate meters aside from a shared water meter. Each unit is in good condition, having been updated a few years ago with wood-look standard tile flooring. Most units feature stainless steel appliances and quality cabinetry in the kitchens and bathrooms. Parking is available for each unit. All units are occupied by month-to-month tenants with below-market rents, providing an excellent opportunity for rental INCOME GROWTH. Plus, with no HOA, there's flexibility for future development! The existing structures are located at the back of the lot, leaving room to potentially BUILD ADDITIONAL UNITS at the front. Located minutes from downtown Tampa, International Mall, MacDill Air Force Base, I-275, shopping, dining, and more! Please do not visit the property or disturb the tenants.
Property Facts
Price | $1,175,000 | Apartment Style | Low Rise |
Price Per Unit | $235,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.95 AC |
Cap Rate | 5.90% | Building Size | 3,780 SF |
No. Units | 5 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 1 |
Property Subtype | Apartment | Year Built/Renovated | 1984/2020 |
Price | $1,175,000 |
Price Per Unit | $235,000 |
Sale Type | Investment |
Cap Rate | 5.90% |
No. Units | 5 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.95 AC |
Building Size | 3,780 SF |
Average Occupancy | 100% |
No. Stories | 1 |
Year Built/Renovated | 1984/2020 |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Detector
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PROPERTY TAXES
Parcel Number | U-12-28-18-0TD-000003-00008.3 | Improvements Assessment | $428,516 |
Land Assessment | $164,092 | Total Assessment | $592,608 |
PROPERTY TAXES
Parcel Number
U-12-28-18-0TD-000003-00008.3
Land Assessment
$164,092
Improvements Assessment
$428,516
Total Assessment
$592,608
zoning
Zoning Code | RMC-6 (Residential, Multi-Family Conventional) |
RMC-6 (Residential, Multi-Family Conventional) |
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109 W 131st Ave
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