1511 E 140th Avenue, Tampa, FL 33613
- $1,475,000
- 16
- BD
- 8
- BA
- 5,616
- SqFt
- List Price
- $1,475,000
- Status
- Active
- Days on Market
- 0
- MLS#
- TB8565766
- Property Style
- Quadruplex
- Year Built
- 1981
- Bedrooms
- 16
- Bathrooms
- 8
- Living Area
- 5,616
- Lot Size
- 22,794
- Acres
- 0.52
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Byars Revision Of Sunnyland Ac
- MLS Area Major
- Tampa
Property Description
EIGHT-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY IN TAMPA'S UNIVERSITY AREA! Situated on approximately 0.52 acres, this property features eight 2-bedroom, 1-bathroom apartments across four separate, single-story concrete-block duplex buildings. Conveniently located near the University of South Florida, major employment centers, shopping, dining, and interstate access, this property offers an attractive opportunity for investors seeking a multifamily asset with significant rental income potential. Current ownership has invested extensively in property improvements, with an emphasis on quality materials, durability, and long-term value. Renovated units feature upgrades such as granite and quartz countertops, tile flooring, beautifully tiled tub surrounds, updated kitchens and bathrooms, and other modern finishes. Additional property improvements include replacement windows in numerous units, attractive black aluminum perimeter fencing, landscaping, and palm trees. Renovation levels and finishes vary by unit. FOUR UNITS CURRENTLY OCCUPIED AND FOUR VACANT, providing the next owner with the flexibility to establish new leases at market rates while benefiting from existing rental income. Current occupied rents total $5,875 per month, with estimated market rental potential of $12,125 per month ($145,500 annually) at full occupancy. Unit A also has a scheduled rent increase during the second year of its lease. Tenants are responsible for their individual electric utilities, while ownership provides water and sewer service. With its solid concrete-block construction, desirable all-2-bedroom unit mix, substantial owner improvements, and opportunity to increase occupancy and rental income, this property presents a compelling investment opportunity in Tampa's University Area. Offering Memorandum, rent roll, and additional financial information available upon request.
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Additional Information
- Taxes
- $17736
- Annual Gross Income
- 121280
- Location
- Landscaped, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RMC-20
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters
- Floor
- Ceramic Tile
- Appliances
- Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator
- Utilities
- BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Electric, Ductless
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Fence, Lighting, Private Mailbox, Private Yard, Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Common, Guest, Off Street
- Elementary School
- Mort-Hb
- Middle School
- Buchanan-Hb
- High School
- Freedom-HB
- Flood Zone Code
- X
- Parcel ID
- U-06-28-19-1GH-000006-00006.0
- Legal Description
- BYARS REVISION OF SUNNYLAND ACRES LOT 6 BLOCK 6
Listing courtesy of LIPPLY REAL ESTATE. 727-314-1000
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