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Key Details
Sold Price $173,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,457 sqft
Price per Sqft $118
Subdivision Sulphur Spgs Add
MLS Listing ID T3207538
Sold Date 12/13/19
Construction Status Other Contract Contingencies
HOA Y/N No
Year Built 1922
Annual Tax Amount $1,029
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 50x95
Property Description
INVESTOR ALERT, TAMPA is booming! This beautiful property is located in the up & coming Sulphur Springs neighborhood: which is ten minutes from the heart of Downtown Tampa, fifteen minutes from the airport, and half a mile from the Interstate: LOCATION, LOCATION, LOCATION. The building is a legal duplex, consisting of a 962 square foot 3 bedroom 1 bathroom main home unit and a 391 square foot 1 bedroom/1 bathroom second unit. Both units are currently rented: the 3/1 unit is rented for $1242 and the 1/1 is rented for $660. The 3/1 and the 1/1 are rented long-term. What does this mean for an investor? You can rent out both units and secure a 12-13% GROSS annual return on investment. Returns even get better with a 20% down payment of $35,000: you would have a mortgage payment of approximately $950 including taxes and insurance. With rent of $1902 a month, that is $950 in monthly CASH FLOW, or $11,400 in YEARLY CASH FLOW, equal to a 32% CASH ON CASH RETURN ON YOUR ORIGINAL INVESTMENT. The home has new everything! Building has new roof and both units have new kitchen and granite countertops! The main unit has has new central AC, flooring, washer and dryer hook up as well. This opportunity will NOT LAST!!
Location
State FL
County Hillsborough
Community Sulphur Spgs Add
Zoning RS-50
Interior
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Other
Utilities Available BB/HS Internet Available
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Other Contract Contingencies
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with FLORIDA EXECUTIVE REALTY