18 UNIT PORTFOLIO
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18 UNIT PORTFOLIO
9 Multifamily Properties Offered at $2,700,000 in Tampa, FL
Investment Highlights
- Properties are in a row next to each other and occupy an entire block.
- 15 minutes from downtown Tampa.
- Under 4 miles away from University of South Florida.
Executive Summary
Discover a unique investment opportunity in Tampa with this versatile 18-unit portfolio, featuring 9 duplex buildings located next to the University of South Florida. Each building is available for individual purchase or as a complete set, allowing buyers to tailor their investment to their needs. With average rents ranging from $1,300 to $1,350 per unit, this portfolio promises a stable income stream. Additionally, the site holds excellent potential for future development, making it an ideal location to eventually build 18 townhomes. Notably, there are no restrictions for any of the units, offering maximum flexibility. Don't miss out on this prime investment opportunity. For more information or to schedule a viewing, please call.
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$280,800
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$280,800
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$5,000
|
| Net Operating Income |
$275,800
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $280,800 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $280,800 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $5,000 |
| Net Operating Income | |
|---|---|
| Annual | $275,800 |
Property Facts
| Price | $2,700,000 | Status | Active |
| Price / SF | $141.85 / SF | Number of Properties | 9 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 10.37% | Total Building Size | 19,034 SF |
| Sale Type | Investment | Total Land Area | 1.91 AC |
| Price | $2,700,000 |
| Price / SF | $141.85 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 10.37% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 19,034 SF |
| Total Land Area | 1.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
J E Drevas Duplexes
903 E 124th Ave, Tampa, FL 33612 |
Multifamily | 9,834 SF | 1965 | - |
| 915 E 122nd Ave, Tampa, FL 33612 | Multifamily | 1,150 SF | 1968 | - |
| 921 E 122nd Ave, Tampa, FL 33612 | Multifamily | 1,150 SF | 1968 | - |
| 923 E 122nd Ave, Tampa, FL 33612 | Multifamily | 1,150 SF | 1965 | - |
| 906 E 123rd Ave, Tampa, FL 33612 | Multifamily | 1,150 SF | 1968 | - |
| 905 E 124th Ave, Tampa, FL 33612 | Multifamily | 1,150 SF | 1968 | - |
| 913 E 122nd Ave, Tampa, FL 33612 | Multifamily | 1,150 SF | 1968 | - |
| 919 E 122nd Ave, Tampa, FL 33612 | Multifamily | 1,150 SF | 1969 | - |
| 917 E 122nd Ave, Tampa, FL 33612 | Multifamily | 1,150 SF | 1968 | - |
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