$835,000

4911 Temple Heights Road #ad

TAMPA FL, 33617

Description

Don't look past these 8 Value Add Multifamily units in Tampa! The Property consists of two 4 unit buildings with below market rents and one vacancy. The Seller completed major renovations on each building, including but not limited to plumbing, HVAC, roof, bathrooms, and kitchen countertops. An investor is presented with the unique opportunity to invest in a Value Add property where the hard work of renovations has already been completed!Current Annual Scheduled Gross Income is $77,760, with a Pro Forma Gross Rental Income of $91,200 after rents are brought to a market value. All units except for one are occupied. An investor has the opportunity to stabilize the investment at a Prop Forma Cap Rate of around 6.35%.All property photos will be updated shortly.

Details

MLS#U8107488
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1982
Days On Site79

Features

SQ Feet6,496
Units8
Golf CourseN
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Area Information
StateFL
CountyHillsborough
CityTAMPA
Zip Code33617
Area33617 - Tampa Temple Terrace
Listing VS Median (in 33617)
Price:
$835,000
low | high
Med:
$150,950
100% of Average
SqFt:
6,496
low | high
Med:
1,385
100% of Average
$ / SqFt:
$129
low | high
Med:
$109
65.169026378839% of Average
On Site:
79
low | high
Med:
65.500000
100% of Average
Sourced by Back At You
Listing Updated: March 1, 2021 12:04:40 AM PST
Davis Nunneley LogoMLS Number: U8107488
Listing Provided By:
Davis Nunneley  of  RMS ELITE PROPERTIES

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