409 E Floribraska Avenue, Tampa, Florida 33603

  • $799,000
  • $899,000

Overview

Property ID: HZU8220072
  • Quadruplex, Residential Income
  • Property Type
  • 11
  • Bedrooms
  • 10
  • Bathrooms
  • 3129 Sqft
  • Area Size

Description

Recently renovated quad 1 mile from downtown Tampa in the highly coveted Tampa Heights. The property consists of 2 duplexes on the same parcel for a total of 4 units, (3) 1 bedroom/1 bath units & (1) 2 bedroom/1 bath unit. The 2-story duplex in the back is concrete block with a new roof in 2023, a 2-bedroom unit and a 459 SF storage room that could be converted to rentable space. The 2-bedroom unit is 918 SF and is currently rented for $1, 800/mo. The 1-bedroom unit is currently rented for $1, 400/mo. The bungalow duplex in the front houses 2 1-bedroom units with a large front porch and lots of curb appeal. One unit is rented for $1, 500/mo and the other is recently vacant and will also rent for $1, 500/mo. The total monthly rent is $6, 200 and annual rent is $74, 400 resulting in 7% cap rate with opportunity to add value with storage space conversion to rentable space. The units feature stainless steel appliances, in unit laundry, waterproof LVP flooring, a metal roof on the bungalow, new roof on the 2-story building, central air in 2 units, upgraded cabinets, & granite countertops. There is a large off-street parking area for 10 cars in between the 2 buildings and a private yard behind the back building. Also, the back building was fumigated in 2023 and all plumbing and electrical has been updated over the past several years.

  • Address: 409 E FLORIBRASKA AVENUE
  • City: Tampa
  • State/county: FL
  • Zip/Postal Code: 33603
  • Country: US

Details

Updated on January 31, 2024 at 8:22 pm
  • Property ID HZU8220072
  • Price $799,000
  • Property Size 3129 Sqft
  • Land Area 0.24 Acres
  • Bedrooms 11
  • Bathrooms 10
  • Year Built 1910
  • Property Type Quadruplex, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Conventional
  • Roof Metal, Shingle
  • Utilities Electricity Connected, Sewer Connected, Water - Multiple Meters
  • Sewer Public Sewer
  • Cooling Central Air, Wall/Window Unit(s)
  • Heating Central, Wall Units / Window Unit
  • Flooring Vinyl
  • County Hillsborough
  • Property Type Residential Income
  • Parking Open

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Jamie Stevens

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