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$3,200,000

702 E 113th Avenue #28
Tampa, FL 33612

For Sale|Multi-Family|Pending
Subdivision:
UNPLATTED
County:
Hillsborough, FL

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Call Now: 813-598-1842
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813-598-1842
702 E 113th Avenue702 E 113th Avenue702 E 113th Avenue702 E 113th Avenue
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Back on Mkt! Hard to find medium size multifamily income property with 8.0% Cap rate on cash sale base numbers! Great location surrounded by quiet single family homes. 28 -2 bed rm 1.5 bath 2 story town homes ! Not 4 plexes! No HOA pvt owned complex! Each unit has individual laundry closets & Central Air! 20 units remodeled now with new kitchen & bath cabinets with granite counters! Each re-painted & re-carpeted before rental. Now at current max rate for new Sec 8 lease in this zip code of $1045/mo which owner includes water sew & garbage. Get half the monthly income directly from sec 8!..renewals of sec 8 can be raised with mkt rents. Owner also gets security deposit equal to rent at move in. Could add private water metering & 3rd party billing to gain extra income. Great location only 1.5 miles to the soon redeveloped University mall, 2.0 miles to USF and 2.5 miles to new VA addition, & new Hospital addition. Only 3 blocks to I275! Great upside to investment in this location! Short walk to bus stop on Nebraska or to Fowler but plenty of parking lot for all the tenants. Currently doing RR on exterior and re painting (2 Buildings done) & couple roofs redone. Can consider assuming 4.03% loan of 1.2mil with 8 yrs left must qualify. Has an affordable leased storage shed & office trailer on site. Self managed! EZ to keep rented! No comparison in Tampa! Decided give up opportunity & retire to travel as last child is in college. All information deemed reliable but subject to verification of buyer & buyer agent.

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Listing Snapshot
Price
$3,200,000
Days Online
298 Days
Bedrooms
N/A
Inside Area (SqFt)
25,220 sqft
Total Baths
N/A
Partial Baths
N/A
Lot Size
2.36 Acres
Year Built
1983
MLS Number
T3191611
Status
Pending
Property Tax
$28,795
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
4 months agoStatus changed to Pending
8 months agoStatus changed to Active
9 months agoStatus changed to Pending
10 months agoListing first seen online
General Features
Garage
0
Parking
CommonOff StreetOpenOversized
Sewer
Public Sewer
Utilities
Electricity ConnectedPublicSewer Connected
Water
Public
Interior Features
Appliances
Electric Water HeaterRangeRange HoodRefrigerator
Cooling
Central Air
Heating
CentralElectric
Fireplace
No
Interior
Living Room/Dining Room ComboSolid Surface CountersWindow Treatments
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Exterior Features
Exterior
Lighting
Roof
Shingle
Pool
No
Waterfront
No
Lot Features
In City LimitsNear Public TransitOversized LotStreet Paved
Community Features
Security Features
Closed Circuit Camera(s)Security System LeasedSecurity System Owned
Senior Community
No
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Wharton-HB
Listing courtesy of LA ROSA REALTY THE ELITE LLC



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Data last updated at: 06/01/20 07:01 AM
Neighborhood & Commute
Source: Walkscore
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