$1,030,000
$1,100,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
8 Baths
1,560 SqFt
SOLD DATE : 07/02/2024
Key Details
Sold Price $1,030,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $660
Subdivision West Pinecrest
MLS Listing ID T3511494
Sold Date 07/02/24
Bedrooms 16
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1979
Annual Tax Amount $10,343
Lot Size 0.450 Acres
Acres 0.45
Property Description
Excellent Investment Opportunity for 4 duplexes - 8 total units on .45 acre property - 1 parcel. Each unit is 2 bedrooms, 1 bath units with exterior storage rooms that have full size washer & dryer hookups - 762 sf heated space in each unit. The roofs were replaced in 2020 & central AC systems. 2 units remodeled in 2024 with new cabinets, bathrooms, vinyl plank flooring and appliances. Most recent unit rented at $1295/m within 1 week. All tenants have been background checked and pay on time with no issues with long term leases. Tenant pays utilites, City Water, city trash collection, City Sewer all paid by tenants individually. Good location, central to everything and minutes from major highways. Lots of potential for rent improvement. Cap rate around 8% for a very good solid investment with easy potential to increase returns. HUD website shows fair market rent for 2 bedrooms in 33563 zip code at $1570/m if new owner chooses to allow section 8 rentals. Owner pays for Lawn Maintenance at $200/m. Turn key investment. Please do not disturb tenants. No HOA or lease restrictions with the city.
Location
State FL
County Hillsborough
Community West Pinecrest
Zoning C-1A
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Fireplace false
Laundry Laundry Room, Outside
Exterior
Exterior Feature Other
Utilities Available Cable Available
Waterfront false
View City
Roof Type Shingle
Porch Front Porch
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Stucco,Wood Frame
New Construction false
Construction Status Inspections
Schools
Elementary Schools Bryan Plant City-Hb
Middle Schools Tomlin-Hb
High Schools Plant City-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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