Stadium Duplexes
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Stadium Duplexes
2 Multifamily Properties Offered at $1,600,000 in Tampa, FL
Investment Highlights
- Roofs are 2024 and 2023. HVAC's are 2022-2024
Executive Summary
Located just a stone's throw from the iconic Raymond James Stadium, home of the Tampa Bay Buccaneers, these two duplexes present a unique investment opportunity. With the stadium hosting NFL games, concerts, and major events year-round, the property offers significant potential for short-term rental income during peak events like game days and sold-out concerts. Beyond the stadium, the location is incredibly convenient, with close proximity to Hillsborough Community College, downtown Tampa, International Plaza Mall, Busch Gardens, and some of the area's best restaurants and shops.
The property consists of four total units, two duplexes, with each unit offering 3 bedrooms, 2 bathrooms, a 1-car garage, and a spacious private fenced-in backyard. Currently, each unit is being rented at an under-market value of $1,500 per month, creating an immediate upside for investors. These below-market rents make the property eligible for DSCR (Debt Service Coverage Ratio) loan approval, making financing more accessible for potential buyers. The current tenants are in place and may convey with the sale if desired, providing an instant source of rental income.
While each unit is currently classified as a townhome by the county, there is potential for the new owner to pursue rezoning, allowing for even greater flexibility and long-term value appreciation. This prime location, coupled with strong rental income potential and the possibility for future development, makes this property a fantastic addition to any real estate portfolio. Secure your investment today—book a showing now and take the first step toward owning a piece of Tampa’s most coveted real estate! Please contact Nidya Rojas at (813)847-9025 or Nidya@SomerdayGroup.com for showings or offers.
The property consists of four total units, two duplexes, with each unit offering 3 bedrooms, 2 bathrooms, a 1-car garage, and a spacious private fenced-in backyard. Currently, each unit is being rented at an under-market value of $1,500 per month, creating an immediate upside for investors. These below-market rents make the property eligible for DSCR (Debt Service Coverage Ratio) loan approval, making financing more accessible for potential buyers. The current tenants are in place and may convey with the sale if desired, providing an instant source of rental income.
While each unit is currently classified as a townhome by the county, there is potential for the new owner to pursue rezoning, allowing for even greater flexibility and long-term value appreciation. This prime location, coupled with strong rental income potential and the possibility for future development, makes this property a fantastic addition to any real estate portfolio. Secure your investment today—book a showing now and take the first step toward owning a piece of Tampa’s most coveted real estate! Please contact Nidya Rojas at (813)847-9025 or Nidya@SomerdayGroup.com for showings or offers.
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$72,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$72,000
|
| Taxes |
$10,000
|
| Operating Expenses |
$6,000
|
| Total Expenses |
$16,000
|
| Net Operating Income |
$56,000
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Taxes | |
|---|---|
| Annual | $10,000 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Total Expenses | |
|---|---|
| Annual | $16,000 |
| Net Operating Income | |
|---|---|
| Annual | $56,000 |
Property Facts
| Price | $1,600,000 | Number of Properties | 2 |
| Price / SF | $400.00 / SF | Individually For Sale | 0 |
| Sale Conditions | Bulk/Portfolio Sale | Total Building Size | 4,000 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.12 AC |
| Status | Active |
| Price | $1,600,000 |
| Price / SF | $400.00 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,000 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3334 W Heiter St, Tampa, FL 33607 | Multifamily | 2,000 SF | 2007 | - |
| 3330 W Heiter St, Tampa, FL 33607 | Multifamily | 2,000 SF | 2007 | - |
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Stadium Duplexes
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