1024 E Crenshaw St, Tampa, Florida 33604

  • $924,990
  • $949,990

Overview

Property ID: HZT3541655
  • Quadruplex, Residential Income
  • Property Type
  • 7
  • Bedrooms
  • 5
  • Bathrooms

Description

2 COMPLETELY RENOVATED duplexes on one lot, OFFERING A 8%+ CAP RATE, right off 275 Hwy and 41 N Florida Ave (numerous commercial and restaurant options), just 10 minutes off downtown Tampa as well as USF. The property will soon be generating $86, 400/yr in income, but would also be a FANTASTIC AIRBNB OPPORTUNITY to push this income higher (see description below for proximity to major Tampa Bay sites/attractions). NO HOA and NO FLOOD INSURANCE REQUIRED. The properties have the following units and leases (total 7 beds and 5 bathrooms)…1 bed/ 1 bath studio at $1, 300/month, lease ending 9/1/2024…1 bed, 1 bath at $1, 650/month, lease ending 5/1/2025…3 bed, 2 bath at $2, 250/month, lease ends 3/1/2025…2 bed, 1 bath JUST LISTED FOR RENT at $2, 000/month and should have a tenant soon. The properties have SEPARATE METERS AND SEPARATE WASHER/DRYER for ALL UNITS as well as 4 parking stalls, 2 parking spots behind a fence with gate and significant street parking. The properties also have a NEW ROOF, HVACs (mini-splits on 2 units for affordability), ELECTRICAL, PLUMBING (including new water heaters), and were fully renovated inside and out. Renovations include new laminate flooring in 3 of the units, paint inside and out, washer and dryer for all units, extended parking pads, trees trimmed; the kitchens have quartz countertops throughout, new cabinets, and new appliances; the bathrooms have tiled showers with new vanities. The properties are located in a gentrified section just north of DOWNTOWN (about 10 minutes), down the street from TGT POKER AND RACEBOOK FACILITY (soon to be redeveloped), 15 minutes from AMALIE ARENA, HISTORIC YBOR, the TAMPA RIVERWALK, and RAYMOND JAMES STADIUM. The value in the area is increasing at an above-average rate. The street they are located on has predominantly renovated single-family housing and a few other multi-family homes.

  • Address: 1024 E CRENSHAW STREET
  • City: Tampa
  • State/county: FL
  • Zip/Postal Code: 33604
  • Country: US

Details

Updated on October 4, 2024 at 7:12 pm
  • Property ID HZT3541655
  • Price $924,990
  • Land Area 0.12 Acres
  • Bedrooms 7
  • Bathrooms 5
  • Year Built 1937
  • Property Type Quadruplex, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Conventional
  • Roof Metal, Shingle
  • Utilities Public
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central
  • County Hillsborough
  • Property Type Residential Income
  • Elementary School Foster-HB
  • Middle School Sligh-HB
  • High School Chamberlain-HB

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Jamie Stevens

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